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A Local Grocer Wanted to Cut Down on the Use

question 60

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A local grocer wanted to cut down on the use of credit cards in his store.He found his business declined significantly when he imposed a "surcharge" for credit card sales.However,his business boomed when he offered "rebates" for cash sales,even though customers paid the same amount for products in both cases.What does this example illustrate


Definitions:

Mathematical Equations

Mathematical equations in programming are expressions that involve variables and operations, used to calculate values based on input.

Pseudocode

A high-level description of the algorithmic steps of a program or computation, not written in any specific programming language but in a form resembling coding syntax.

Flowchart

A diagrammatic representation of the sequence of operations or steps in a system or process.

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