When Consumers Want to Purchase Products/services That Are Priced Too

question 167

Multiple Choice

When consumers want to purchase products/services that are priced too low i.e. less than $1) to be paid with credit cards, an) ______________________ payment system is often used.

• A) Electronic checks
• B) Micropayments
• C) e-Cash person to person)
• D) Electronic funds transfer EFT)

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Definitions:

Net Profit

The real income remaining after deducting operating costs that aren't considered in determining gross profit.

Invested Capital

The total amount of money that has been invested into a company by its owners, shareholders, and creditors, used for acquiring assets and funding operations.

Investment Turnover

A financial ratio that measures the efficiency of a company's use of its investments in generating sales revenue.

Profit Margin

The percentage of revenue remaining after all expenses have been deducted from sales.