200 words minimum.

Discussion Topic You've learned many businesses provide goods & services and they accept payment via credit card or by sales on account. Both of these payment methods mean you're not using clish to pay for the good service at the time of the transaction, but instead you make a promise to pay later. Some businesses only accept credit cards and others accept credit cards and they extend credit to their customers. Extending credit to customers means the business is taking all the risks. However, a large majority of merchandise and service companies allow payment via credit. Questions: Please answer all parts of each question below. 1. How do you think sellers benefit from extending creditor allowing their customers to use credit cards? List some pros and cons of accepting payment by credit. If you owned a retail store or service business, would you allow customers to pay with bank owned credit cards and/or would you extend personal credit (sales on account) to your customers? Why or why not? Give reasons for your choice. 2. Do you have or use any bank credit cards (VISA, AmEx, MC), retail stores credit cards (Macy's, Target, BestBuy), or other lines of credit (auto loan, mortgage)? What is your experience buying goods on credit has it been good or bad and how? Do you like the ability to buy goods without needing cash? What are some goods that you buy without using cash