Explore BrainMass

Explore BrainMass

    Budgeting & Forecasting

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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?

    © BrainMass Inc. brainmass.com June 4, 2020, 12:07 am ad1c9bdddf

    Solution Preview

    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 ...

    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.