What Is a One-Time Reduction in List Price, Typically Offered

question 146

Multiple Choice

What is a one-time reduction in list price, typically offered at time of sale, referred to as?

• A) allowance
• B) rebate
• C) noncumulative discount
• D) cumulative discount

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Definitions:

Government Spending

Expenditures made by the government for goods and services that it uses to provide public services and for social welfare.

Marginal Analysis

Scrutinizing the bonus benefits of an activity alongside the supplementary costs it brings.

Additional Slice

Refers to an extra unit or portion of a product or service added beyond the current amount.

Efficiency

The optimal use of resources to achieve the desired ends with minimum waste or effort.