BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is a type of discount offered to a customer based on a number of different conditions.
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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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Explanation:
Detailed explanation-1: -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-2: -A discount series refers to a discount that you offer based on a number of different conditions. Rather than just offering the discount after one condition is met, the discount series requires purchasers to meet different conditions at different times.
Detailed explanation-3: -The two types of discount offered are trade discount and cash discount.
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