Asked by Kassi Stolz on May 10, 2024
Verified
Net price is the standard price charged to customers.
Net Price
The price after allowance for all discounts.
Standard Price
The regular or fixed cost of a product or service, typically unaffected by discounts or special offers.
Customers
Individuals or entities that purchase goods or services from a business.
- Acquire knowledge of the core principles of pricing, discount implementation, and credit policies for competitive leverage.
Verified Answer
RR
Rosalinda RostroMay 17, 2024
Final Answer :
False
Explanation :
Net price refers to the final price after all discounts, rebates, or promotions are subtracted from the list price, not the standard price charged to customers.
Learning Objectives
- Acquire knowledge of the core principles of pricing, discount implementation, and credit policies for competitive leverage.
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