Quantity Discounts

question 3

Multiple Choice

Quantity discounts:

• A) Make buyers order more than is economical.
• B) Decrease the annual carrying costs but increase the ordering cos.
• C) Can be a good decision if the total annual costs are reduced.
• D) Always advantage the seller at a cost to the buyer.
• E) Persuade the buyer to buy more often.

---

Definitions:

Secondary Labor Market

Refers to segment of the labor market characterized by low pay, poor job security, and limited career prospects, often involving part-time or temporary work.

Primary Labor Market

Refers to sectors that offer high wages, good benefits, and stable employment, contrasting with the secondary labor market.

Semiskilled Labor

Workforce individuals possessing some training and skills but less than that required for skilled labor, often involving manual or repetitive tasks.

Backward-Bending

Refers to the portion of a labor supply curve that bends backward at higher wage levels, indicating a decrease in labor supply as wages increase beyond a certain point.