Asked by
Christian Paulo Pichay
on Dec 15, 2024Verified
Reductions from list or quoted prices to buyers for performing some activity are referred to as
A) allowances.
B) subsidies.
C) remittances.
D) noncumulative deductions.
E) list price deductions.
Allowances
Funds or discounts given for a particular purpose, such as a price reduction to a retailer from a manufacturer, or money given to children by their parents.
List Price Deductions
Discounts, allowances, or reductions from a product's standard list price that sellers may offer to buyers.
Performing Activity
The act of carrying out tasks or duties that contribute to the achievement of specific objectives.
- Differentiate between various forms of incentives including promotional allowances and cash discounts.
Verified Answer
BC
Learning Objectives
- Differentiate between various forms of incentives including promotional allowances and cash discounts.