Quantity Discounts Reduce the Unit Price

question 9

True/False

Quantity discounts reduce the unit price.Inventory costs are always reduced by opting for a quantity discount.

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Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a set of rules governing international sales contracts.

International Sale

The process of selling goods or services across national borders, subject to different countries' laws and trade agreements.

Treaty

A binding agreement between two nations or international organizations.

Statute of Frauds

A legal principle that requires certain types of contracts to be executed in writing and signed by the party to be charged with the obligation, in order to be enforceable.