Which of these represents the current practice for small businesses to provide credit?
A)Providing credit by accepting bank-issued credit cards.
B)Providing no credit.
C)Providing direct credit to customers to build loyalty.
D)Providing credit only when approved and backed by government agencies.

Question

Quizplus · Accepted Answer

Providing credit by accepting bank-issued credit cards is currently a common practice for small businesses. This allows customers to make purchases even if they do not have cash on hand, and the business receives payment quickly from the credit card issuer. It also eliminates the risk of providing direct credit and the need for government approval.

Which of These Represents the Current Practice for Small Businesses