A trade discount is:
A. A term used by a seller to describe a cash discount granted to customers for prompt payment.
B. Also called a rebate.
C. A reduction in price for prompt payment.
D. A term used by a purchaser to describe a cash discount given to customers for prompt payment.
E. A reduction in selling price below the list price.
Answer: E
You might also like to view...
The grapevine in an organization
a. is less accurate than other channels. b. serves a necessary purpose; thus, managers should work to understand its functioning. c. passes a message in single file from person to person until it finally reaches the end of the line. d. has a single, consistent source.
A gratuitous assignment is revocable by the assignor
a. True b. False Indicate whether the statement is true or false
In the Expedia case study, what three steps were taken to convert drivers of departmental performance into a scorecard?
What will be an ideal response?
In the process of motivating employees, job satisfiers are more important than dissatisfiers because the satisfiers have a strong influence on employee motivation
Indicate whether the statement is true or false.