A _____ is a price reduction offered to a consumer, an industrial user, or a marketing intermediary in return for prompt payment of a bill
a. cash discount
b. quantity discount
c. functional discount
d. seasonal discount
ANSWER: a
A cash discount is a price reduction offered to a consumer, an industrial user, or a marketing intermediary in return for prompt payment of a bill.Prompt payment saves aseller carrying charges and billing expenses and allows the seller to avoid bad debt.
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A. business market. B. market. C. undifferentiated market. D. segmented market. E. market variable.
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Indicate whether the statement is true or false
A 2,300 acre farm was sold for $963,500. If the house and equipment are worth $188,400 and the land represents the balance, what was the price paid per acre for the land?