ENTREPRENEURIAL MARKETING
PRICING STRATEGIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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cash discount pricing strategy
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quantity discount pricing strategy
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seasonal discount pricing strategy
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None of the above
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Detailed explanation-1: -A typical net 30 credit term means the balance is due within 30 days from the invoice date. A 2/10 net 30 (also known as 2 10 net 30) means the balance will be discounted by 2% if the buyer makes a payment within the first ten days.
Detailed explanation-2: -2/10 Net 30 refers to the trade credit offered to a customer for the sale of goods or services. 2/10 net 30 means that if the amount due is paid within 10 days, the customer will enjoy a 2% discount. Otherwise, the amount is due in full within 30 days.
Detailed explanation-3: -2/10 net 30 is an example of a cash discount given by the seller to the buyer. If the invoice is paid in full within the first ten days of the invoice date, the buyer will receive a 2% discount on the net amount. If not, there is no discount, and the full amount of the invoice is due in 30 days.