ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A garage sale.
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A full price item.
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An expensive Item
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An item offered at a discounted price
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Detailed explanation-1: -The discount price is a rate at which the amount is reduced from the original price. Discount pricing is a pricing strategy used to mark down the prices of the merchandise.
Detailed explanation-2: -a price that is lower than the usual price: To order any of these books at a discount price, visit our Website.
Detailed explanation-3: -Sales discounts are also known as cash discounts or early payment discounts. Sales discounts (along with sales returns and allowances) are deducted from gross sales to arrive at the company’s net sales. Hence, the general ledger account Sales Discounts is a contra revenue account.
Detailed explanation-4: -’Discount pricing’ refers to a range of strategies where the price of a product or service is decreased in the interest of generating interest, unloading excess inventory, or boosting sales. The effectiveness of discount pricing rests on consumers’ perception that they’re ‘getting a good deal’ for an offering.
Detailed explanation-5: -Transactional selling. Solution selling. Consultative selling. Provocative selling.