Question

INDTAP X Jack Dorsey is the designer of Square Reader, which allows smartphones to become a point-of-sale (POS) terminal, and lets small businesses and entrepreneurs process credit card payments where they weren't able to before because of the fees involved. Trish is a manager for a small business owner who is currently locked into a contract with a credit card company. The owner has asked Trish to look for ways in which they can reduce costs, thereby creating a more profitable bottom line. How can Trish demonstrate that she understands efficiency, using the concept Jack Dorsey created? She can put up a sign stating that credit card payments are no longer accepted, eliminating the fees charged by the credit-card companies. She can take out an ad in the local newspaper for the company. She can fire two team members. She can institute a minimum purchase when paying by credit card so that the costs charged by the credit card companies are covered. Previous Submit Next

Answer 1

Answery she can institute a minimum purchase when paging by credit card so that the costs charged by the credit companies are covereói Explanation' By using the concept Jack Dorsey created, Trish can isistitute a minimum purchase when paying by . Eredit card so that the costs charged by the credit card companies are covered, thus they can redce costs, thereby creating a more profitable bottom line.

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