Chris Is Planning Three Sales During the Third Quarter of the Year

question 33

Multiple Choice

Chris is planning three sales during the third quarter of the year at Toys "R" Us. The first is at the beginning of the school year, the second is the week before Halloween, and the third is Black Friday. These sales would be considered to be

• A) psychological pricing.
• B) calendar discounting.
• C) sales promotion pricing.
• D) special-event pricing.
• E) captive pricing.

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Definitions:

Interest Revenue

Income earned from lending money or from investments in interest-bearing accounts or securities.

Matching Revenue

The accounting principle of recognizing revenue and the related expenses in the same accounting period to accurately report profit.

Incurred Expenses

Costs that have been realized or consumed, typically through the operation of a business.

Net Income

The total earnings of a company after deducting all expenses, including taxes and costs, from its total revenues, indicating its profitability.