All of the Following Is True About Credit Cards Except

question 44

Multiple Choice

All of the following is true about credit cards except

• A) credit cards are a store of value.
• B) credit cards are quite convenient.
• C) 2 to 5 percent of total credit-sales dollars goes to card issuers.
• D) credit cards serve as a temporary medium of exchange.
• E) credit cards are extremely profitable for issuing companies.

Understand the various modes of entering international markets, such as franchising, exporting, and joint ventures.

Identify the economic factors that companies consider before entering international markets.

Learn the importance of adapting marketing and operational strategies in response to local cultures and regulations.

Recognize the impact of external factors like technology and labor laws on international business.

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Definitions:

Demand Note

A short-term loan that must be repaid (both principal and interest) in a lump sum at maturity.

Compounding

The process where the value of an investment increases because the earnings on an investment, both capital gains and interest, earn interest as time passes.

Demand Note

A loan or debt instrument that is repayable on demand at the choice of the lender at any time.

Lump Sum

A single payment made at a particular time, as opposed to multiple payments over time.