Single-purpose cards issued by a specific merchant or merchant group that can only be used to make purchases from that merchant or merchant group best describes

A cost center

a) is a responsibility center which generates profits and evaluates the investment cost of earning the profit. b) only incurs costs and does not directly generate revenues. c) incurs costs and generates revenues. d) is a responsibility center of a company which incurs losses.

New communications technologies like satellite TV and social media are likely to eliminate the need for markets to be geographically segmented as clusters of countries

Indicate whether the statement is true or false