Ask Question
BusinessBusiness
9 April, 18:43

Credit-card costs in business are ultimately passed on to the customer. True or false

+5
Answers (1)
  1. 9 April, 20:30
    0
    True. Credit-card costs in business are ultimately passed on to the customer

    Explanation:

    Nowadays, the cashless payment is becoming popular. People do not carry heavy cashes in purse, hence they either do online transaction or pay by credit or debit cards.

    The Merchant who have the provision to pay by card mode, has to install the hardware and software pertaining to card payment. So the merchant has to pay specific amount for transactions done through card and for the hardware and software installed.

    The merchant is allowed to charge the customer to certain extent for each swipe or each transaction.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Credit-card costs in business are ultimately passed on to the customer. True or false ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Asking your supervisor if you're doing something correctly is a way to request A. feedback. B. agreement. C. criticism. D. punishment.
Answers (2)
A developer of a subdivision wants to preserve the open space and natural habitat that runs along the back portion of a series of large lots in the proposed subdivision.
Answers (1)
Which of the following statements illustrates income elasticity of demand ? A. A rise in Annie's income by 5 percent decreases supply of canned fruits by 6 percent. B. A salary cut and no other changes has resulted in Mary buying less fast food. C.
Answers (1)
Riley Company paid $60,000 cash to purchase land from Smally Company. Smally originally paid $60,000 for the land.
Answers (1)
What is true with respect to the demand of a monopolist?
Answers (1)
New Questions in Business
Carr Company produces a single product. Last year, Carr manufactured 27,120 units and sold 21,800 units.
Answers (1)
Which of the following is true regarding the internal rate of return for a project? a. Managers may believe (in most cases, incorrectly) that the internal rate of return is the compounded rate of return earned by the initial investment. b.
Answers (1)
Monica wants to sell her share of an investment to Barney for $80,000 in 5 years. If money is worth 6% compounded semiannually, what would Monica accept today?
Answers (1)
Grimpy's is a chain of stores that specializes in healthcare and wellness products. As the company is expanding, the management wants to take steps to hire more women.
Answers (2)
Zara is responsible for the strategic planning retail planning process in her organization. She has identified the strategic opportunities. Which of the following steps is most likely Zara's next stage in the strategic retail planning process? A.
Answers (1)
Home » Business » Credit-card costs in business are ultimately passed on to the customer. True or false
Sign Up Forgot Password?