Two Types of Adjustments to List or Quoted Price Are

question 313

Multiple Choice

Two types of adjustments to list or quoted price are

• A) profit-oriented and marginal adjustments.
• B) fixed-price and dynamic price adjustments.
• C) discounts and marginal adjustments.
• D) discounts and allowances.
• E) incremental costs and incremental revenues.

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Definitions:

Champagne glass distribution

Refers to the visual representation of income distribution, where most wealth is concentrated at the top, resembling the shape of a champagne glass.

Total world income

The aggregate of all the earnings generated by individuals, businesses, and governments across the entire world within a specific period.

G8 and G20 countries

Groups of major advanced and emerging economies, respectively, that discuss and cooperate on international financial and economic issues.

Developing country

A nation with a less developed industrial base and a lower Human Development Index relative to other countries.