John owns a small department store that issues its own credit cards.He has been considering phasing out his own credit card and accepting only cash.If John chooses to do this he will be going from a position of risk to one of risk .

Question

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By issuing his own credit cards, John assumes the risk of customers defaulting on payments. By switching to cash-only transactions, he avoids this risk entirely.

John Owns a Small Department Store That Issues Its Own