Strategy: The U.K. quote card industry in the of late 1980?s 1. Why had the UK recognition card industry been so profitable in the 1980s? Which factors were the greatest threats to continued lucrativeness? At the beginning of the credit card history in the UK there was only one player, Barclays Bank, which started operating the card fear in 1966. It didnt seem a profitable line of chore at the beginning but the major banks were concerned that due to the use of the credit card, the logo of Barclay was appearing everywhere.
The main sources of income in the credit card business were the interest paid on de bt by the cardholders and the MSC income from the merchants. It also provided a informal packaging for the Banks, creating awareness of its presence in different businesses and stores. The advantages for the usage of the credit card are numerous. For the cardholders it was a source of flexible credit, and for the caoutchouc payers it represented a credit of 55 days devoid of interest. It...If you want to get a full essay, order it on our website: OrderCustomPaper.com
If you want to get a full essay, visit our page: write my paper