Sometimes Retailers Will Give You Up to a 5% Discount

question 128

Multiple Choice

Sometimes retailers will give you up to a 5% discount if you pay cash for their products instead of using your credit card.Why?

• A)It is just good customer service,especially for repeat customers.
• B)They are getting close to their monthly charge limit and don't want to go over it.
• C)They are saving on the merchants discount fee so they pass the savings on to you.
• D)Its much less paper work to process cash transactions.

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Definitions:

Personal Privilege

A special right, advantage, or immunity granted to an individual based on status or relationship.

Tenancy in Common

A form of co-ownership where each party owns a separate fraction of the property and can transfer their interest independently.

Joint Tenancy

Joint ownership of property by two or more co-owners in which each co-owner owns an undivided portion of the property. On the death of one of the joint tenants, his or her interest automatically passes to the surviving joint tenant(s).

Ownership Interests

The rights and stake a person or entity has in property, including the rights to use, sell, or lease it.