Asked by Pasha Harmidy on May 02, 2024

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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.
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CR
Cierra RobinsonMay 02, 2024
Final Answer :
B
Explanation :
Noncumulative quantity discounts are one-time reductions in price based on the quantity of a single order. This type of discount encourages large individual purchases but does not require the buyer to accumulate purchases over time to receive the discount.