BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Select the explanation for merchandising-related discounts, Reduction in price as a result of buying in larger quantities
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Cash discounts
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Quantity discounts
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Trade discounts
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Seasonal discounts
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Explanation:
Detailed explanation-1: -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-2: -A volume discount is a price reduction offered to buyers who purchase in bulk quantities.
Detailed explanation-3: -Volume discount refers to offering discounted prices to motivate customers to purchase larger quantities of products or services.
Detailed explanation-4: -The two types of discount offered are trade discount and cash discount.
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