Credit offered in the form of _____ is most common in department and clothing stores and other high-volume outlets, where customers are likely to make several purchases each month.
A) collateralized credit cards
B) reward credit cards
C) affinity cards
D) retail charge cards
E) student credit cards

Question

Credit offered in the form of _____ is most common in department and clothing stores and other high-volume outlets, where customers are likely to make several purchases each month.
A) collateralized credit cards
B) reward credit cards
C) affinity cards
D) retail charge cards
E) student credit cards

Quizplus · Accepted Answer

Retail charge cards are specifically designed for use in a particular store or group of stores. They offer credit to customers with the potential to create customer loyalty and increase sales. These cards often come with special discounts, promotions, and other rewards to encourage customers to use them for their purchases. They are best suited for high-volume outlets where customers are likely to make frequent purchases.

Credit Offered in the Form of _____ Is Most Common in Department