Question

Elena has a successful appliance store. What is the most important consideration before offeringcustomers a proprietary credit card for purchases in her store?
(1 point)
whether this fits in with her overall marketing strategy
whether this will be for repeat customers or new customers
whether her business has the cash flow to manage partial payments
whether she has the inventory on hand if business improves as a result
A)
What advantage do credit cards from banks have over proprietary credit cards?
(1 point)
Bank credit cards can be used at many businesses.
Only proprietary credit cards charge businesses a fee.
Proprietary credit cards usually charge lower interest rates.
Bank credit cards usually require a higher credit score to acquire

Answer 1

1) whether her business has the cash flow to manage partial payments — proprietary/store cards make you carry receivables and absorb payment risk, so you must be able to finance partial payments and potential defaults.

2) Bank credit cards can be used at many businesses — bank (general-purpose) cards are widely accepted beyond a single store.