One Disadvantage of a Proprietary Credit Card Is That It

question 71

True/False

One disadvantage of a proprietary credit card is that it limits your purchases to a single merchant.

---

Definitions:

Life Cycle

The series of changes in the life of an organism or product, including its inception, growth, and eventual decline or discontinuation.

Entrepreneurial Organisations

Entrepreneurial organizations emphasize innovation, risk-taking, and proactiveness, often operating in a dynamic and competitive environment to achieve growth.

Managerial Succession

The process of identifying and preparing future leaders to replace current managers as they leave, retire, or move within the organization.

Customer-focused

A business orientation that prioritizes the needs and preferences of customers in product and service design, and company policies.