price discounts and allowances

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Reduction of price awarded to customers who pay their bills promptly is classified as

Reduction of price awarded to customers who pay their bills promptly is classified as
  • A. non-functional discount
  • B. discount
  • C. quantity discount
  • D. descriptive discount
  • Correct Answer: Option B

Extra payment awarded for sales program and advertising is classified as

Extra payment awarded for sales program and advertising is classified as
  • A. seasonal allowances
  • B. trade-off allowances
  • C. promotional allowances
  • D. trade-in allowances
  • Correct Answer: Option C