Which Retail Payment Mechanism Has Experienced the Most Dramatic Increase

question 55

Multiple Choice

Which retail payment mechanism has experienced the most dramatic increase in usage (when measured in terms of the value of transactions) ?

• A)Cash.
• B)Cheques.
• C)Credit cards.
• D)Debit cards.
• E)Direct entry.

---

Definitions:

Trade Discounts

Reductions from the list price of goods or services provided by a seller to a buyer in a commercial transaction.

Wholesaler

An entity that buys goods in large quantities from manufacturers or distributors and sells them to retailers or other businesses.

Retailer

A business that sells goods to the public in relatively small quantities for use or consumption rather than for resale.

Sales Commissions

Compensation paid to sales employees, usually calculated as a percentage of the sales they generate.