During the processing of card payments, which of the following involves the transfer of money from the buyer's to the merchant's account?
A) acquisition
B) acceptance
C) authorization
D) settlement
D
You might also like to view...
The first step of the business buying process is ________
A) general needs description B) product specification C) order-routine specification D) problem recognition E) performance review
In the context of the marketing mix, ________ today is largely regarded in relationship to the concept of value.
A. promotion B. price C. policy D. product E. place
In many cases, traditional, volume based product costing may overcost low-volume and complex products, while undercosting high-volume and relatively simple products.
Answer the following statement true (T) or false (F)
Which of the following statements about inventory control is TRUE?
A) Too little inventory may lead to opportunity costs in the form of missed sales. B) Too much inventory may reduce profitability due to increased financing and storage costs. C) Seasonality in sales may require a firm to hold different levels of inventory throughout the year. D) All of the statements about inventory control are true.