Assume that you decide to start a new business. It can be a service business or involve selling of products, whatever you could potentially see yourself enjoying as an.entrepreneur. As the owner, you need to decide what you will accept as payment from customers. Cash only? Debit cards? Credit cards and if so, all of them? How will you decide which credit cards to accept? Will you provide your customers with credit with your business i.e. they will have accounts receivable with you? If so, how long will your credit terms be? Will you provide an early payment discount? As part of your consideration, note that businesses can now charge customers for credit card fees -- see https://www.cbc.caews/business/credit-card-surchargeshop-1.6606997 for a good summary. Charging these fees is optional - it can help to recover the credit card fees but it can also result in losing customers. How will you decide? What do you recommend as your final decision and why? As you can see, determining the method(s) of payment from customers is an important decision. It will affect your financial success and should relate to your business strategy and where your business fits given the competition, the economy, your clientele, etc. Required: 1. Briefly explain what your new business would be (what services or goods would you provide)? 2. Explain how you would determine the best option for your business for acceptable payments from customers, the factors that you would consider, and the research that you would do before making this decision