Asked by Timofei Bolshev on Jul 17, 2024
Verified
A price discount where the pricing schedule offers discounts based on the quantity ordered in a single lot is
A) customer based.
B) lot size based.
C) supplier based.
D) volume based.
Price Discount
A reduction from the original or standard price of a product or service, often used to stimulate sales or clear out inventory.
Lot Size Based
Pertains to the method of quantity determination for production or ordering, where items are processed or ordered in specific batch sizes to optimize production efficiency or cost.
Quantity Ordered
The specific amount of goods or services requested by a customer or required for a particular purpose or project.
- Investigate the influence of cost structures and volume discounts on order quantity and inventory control methods.
Verified Answer
VG
Vat's GandhiJul 17, 2024
Final Answer :
B
Explanation :
Lot size-based discounts are given based on the quantity of goods ordered in a single lot, encouraging larger orders.
Learning Objectives
- Investigate the influence of cost structures and volume discounts on order quantity and inventory control methods.