The Use of Credit Cards by Consumers ________

question 44

Multiple Choice

The use of credit cards by consumers ________.

• A)has little real impact on sales
• B)broadens a small company's customer base
• C)costs businesses nothing and adds significantly to their sales
• D)has no impact on pricing decisions

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Definitions:

Marginal Cost

The additional cost incurred by producing one more unit of a product or service.

Producing Unit

A part of a company or a machine that is responsible for manufacturing or creating goods.

Units

A standard measure or quantity used to specify or quantify the amount of a product, service, or resource.

Prices

The amount of money required to purchase goods or services.