answersLogoWhite

0


Best Answer

The advantage is for the store in that it doesn't ever have to issue a cash refund. Many not-for-profit retail stores are not set up for cash refunds, so they issue store credit - usually with a time limit imposed so that the store doesn't have to track the transactions for eons.

A disadvantage is having to keep additional records besides the other daily financial woes of running a business. The better thing to do would be to issue a Gift Certificate with an expiration date one year from date of issue.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the advantages and disadvantages of using store credit?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are advantages and disadvantages of using a heligimbal?

what are the advantages and disadvantages of using a heligimbal


Advantages and disadvantages of using technology in refrigeration?

what are the advantages and disadvantages of refrigeration


What are advantages and disadvantages of using vouchers?

what are the advantages and disadvantages of voucher in business


What are the advantages and the disadvantages of using quilting?

what is the advantages and disadvantages of quilted fabric


What are the advantages and disadvantages to using a ring mouse?

advantages and disadvantages of ring mouse


Advantages Disadvantages of using a shaper machine?

what are advantages and disadvantages of shapper machine


Advantages and disadvantages of using Pay Pal?

Advantages 1. Your credit card number is not made available to the vendor. 2. No need to visit a bank or use postal service.


What is the advantages and disadvantages of usinf sales figures?

There are great advantages and disadvantages to using sales figures. Advantages to using sales figures is to help with projections of sale for future years. The disadvantages of using sales figures is the market is volatile.


What are the advantages of using a electronic diary?

What are all the advantages and disadvantages of using an electronic dairy?


Advantages kg disadvantages of using inorganic refrigerants?

There are several advantages and disadvantages of using 1 KG inorganic refrigerants. Some of the advantages and disadvantages are cost, energy efficiency, safety issues, and system issues.


What are the advantages and disadvantages of using scientific models?

disadvantages *not to scale *there are limitations


What are advantages disadvantages of using credit system in education?

Credit system helps to keep everything uniform. It does not always show the full potential of each student if they do not fit in with the scoring system.