Asked by Pasha Harmidy on May 02, 2024
Verified
Which of the following is a quantity discount that involves a one-time reduction in price?
A) Cash discount
B) Noncumulative quantity discount
C) Trade discount
D) Cumulative quantity discount
E) Consumer discount
Noncumulative Quantity Discount
A price reduction offered on a single purchase order, not based on the quantity ordered over time.
Price Reduction
A decrease in the selling price of a product or service, often to attract more customers or to sell excess inventory.
Trade Discount
A trade discount is a reduced price offered by suppliers to retailers or other professionals in the industry, encouraging bulk purchases or to compensate for distribution services.
- Understand the role of discounts in sales strategies, including cash, trade, and quantity discounts.
Verified Answer
Learning Objectives
- Understand the role of discounts in sales strategies, including cash, trade, and quantity discounts.
Related questions
A Salesperson Tells a Hardware Retailer, Buy 10 Sprayers Today ...
When the Manufacturer Reduces Prices to Channel Members to Compensate ...
Which Is the Type of Discount That Would Most Likely ...
When the Book Salesperson Told the Bookstore Manager, 3/15 Net ...
The Customer Receives This Type of Discount for Buying a ...