BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A reduction from the list price that is offered by a seller to buyers in payment for marketing functions the buyers will perform is known as a Functional discount.

Detailed explanation-2: -The list price, or catalog price of an item, is the price for which you can generally sell an item. You can purchase the item at a trade discount, which is a discount off the list price. The trade-discount rate is the amount of the discount expressed as a percentage.

Detailed explanation-3: -A trade discount is the amount by which a manufacturer reduces the retail price of a product when it sells to a reseller, rather than to the end customer.

Detailed explanation-4: -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.