When a Business Accepts Payment by Credit Cards or Debit

question 12

True/False

When a business accepts payment by credit cards or debit cards,a fee is paid to the card processor.

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Definitions:

Multinational Corporations

Large companies that operate in several countries around the world and often play a significant role in globalization and the economy.

Assembly Of Goods

The process of combining components or parts to manufacture a finished product.

Developed Nations

Countries with advanced industrial bases, high standards of living, and well-developed infrastructures.

Job Displacement

Occurs when employees lose their jobs due to factors such as automation, economic downturns, or structural changes in the industry.