Rick's Bike Shop Allows Customers to Use a Credit Card

question 239

Multiple Choice

Rick's Bike Shop allows customers to use a credit card for purchases.The shop pays 3 percent of the sale to the credit card company.To promote more business,Rick decides to offer a lower price to customers paying cash-that price being 3 percent less than the standard list price.Rick is giving his customers a(n) :

• A)functional discount.
• B)trade-in allowance.
• C)promotional allowance.
• D)discount-for-cash.

Compute gross investment based on expenditures, inventory changes, and depreciation.

Understand the hybrid nature of certain business firms and their characteristics.

Discuss the motivations behind historical migrations to the United States.

Analyze trends in GDP and Gross Investment over historical periods.

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Definitions:

Governments

The system or group of people governing an organized community, often a state, including institutions and individuals with authority to make and enforce laws.

Organizational Stakeholders

Individuals or groups that have an interest, stake, or investment in the success and operations of an organization, including employees, customers, investors, and suppliers.

Behaviour

This encompasses the actions or reactions of an individual or group, often in response to their environment or stimuli.

Performance

The act of carrying out a task or function, often evaluated against known standards or objectives.