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Budgeting & Forecasting

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You own a small retail clothing store that specializes in casual clothing. In order to be competitive, you must accept credit cards.

What are the advantages of accepting Visa and MasterCard, as opposed to issuing credit? Would you accept debit cards?

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Solution Summary

The expert examines budgeting and forecasting for retail stores use of credit cards. The advantages of accepting Visa and MasterCard as opposed to issuing credit is determined.

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The advantage of accepting Visa/MC is that you can attract more consumers. Issuing credit card is very problematic for smaller firms. In order to issue credit cards, a business typically has to reach a ...

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