Anna operates a florist shop specializing in weddings. While she knows that her competitors allow customers to buy on credit, she is concerned about the risk and expense of unpaid customer accounts. One strategy to reduce risk and collect sales revenue more quickly would be to accept bank-issued credit cards.

Question

Quizplus · Accepted Answer

Accepting bank-issued credit cards can help reduce risk and allow for faster collection of sales revenue as the credit card companies can handle the payment processing and assume the risk of customer defaults.

Anna Operates a Florist Shop Specializing in Weddings