Differentiate Between Dynamic and Fixed Pricing

question 84

Essay

Differentiate between dynamic and fixed pricing.

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Definitions:

Sales Returns & Allowances

Sales Returns & Allowances account for the reduction in sales due to products being returned or allowances provided for damaged goods.

Merchandise Inventory

Goods that a business holds for the purpose of selling to customers, often part of the current assets on a company's balance sheet.

Periodic

Occurring or recurring at regular intervals, often used to describe payments, reviews, or assessments.

Freight-In

A cost of goods sold account that records the shipping cost to the buyer.