Examlex
________ is the process by which firms interact one-to-one with masses of customers to design products and services tailor-made to individual needs.
Trade Discount
A reduction in price given by a seller to a buyer, usually based on the quantity purchased or agreed upon terms, not reflected in the invoice amount.
Net Price
The actual price paid for a product or service after deducting any discounts, rebates, or allowances.
Discount Method
A valuation approach that calculates the present value of future cash flows by applying a discount rate.
Discount Date
The date on which a payment must be made in order to receive a discount for early payment under specified terms.
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