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O-LevelCommerceCredit7100/12 · May/June 2024 · Q71 Mark

Why do some street traders accept credit card payments from their customers?

ACustomers become more loyal.

BCustomers do not have to carry cash.

CStreet traders can gain interest in payments.

DStreet traders will become more competitive.

✓ Correct answer

D: Street traders will become more competitive.

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About this question

Topic: Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2024 Paper 1 Variant 2, question 7.

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