Question

Sellers allow customers to use credit cards for all of the following reasons except: Multiple Choice To be able to charge more due to fees and interest. To increase total sales volume. To avoid having to evaluate a customer's credit standing for each sale. To speed up receipt of cash from the credit sale. To lessen the risk of extending credit to customers who cannot pay.

Answer 1

Answer:

To be able to charge more due to fees and interest.

Explanation:

I believe this is the answer because the aim of a business is to gain as much profit as possible and to provide quality products. So by allowing customers to use credit cards, you are gaining more money from charging fees and interest.

Answer 2

To be willing to charge more than that to cover penalties and charges.

• Because accepting credit cards allows sellers to get payments at around a similar time as credit selling. As a result, the vendor could indeed insistence on charging more owing to interest payments.
• Even though all of the other possibilities are correct, the one in which they seek to impose higher charges is false.

Thus the above response i.e., "option a" is correct.

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