BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Series discount
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Single discount
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Trade discount
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Unlimited discount
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None
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Detailed explanation-1: -This discount type applies to customers who purchase items in bulk, often offered by wholesalers, manufacturers or suppliers. Wholesalers typically offer discounts based on a threshold of units included in the order.
Detailed explanation-2: -Loyalty discounts-discounts for frequent customers. Trade discounts-discounts for trading in a similar product. Cash discounts-discounts for paying in cash instead of credit. Quantity discounts-discounts that encourage purchasing more of one product.
Detailed explanation-3: -A quantity discount is an incentive offered to a buyer that results in a decreased cost per unit of goods or materials when purchased in greater numbers. A quantity discount is often offered by sellers to entice customers to purchase in larger quantities.
Detailed explanation-4: -The two types of discount offered are trade discount and cash discount.