Sales Returns and Allowances and Sales Discounts Are Both ______________

question 148

Short Answer

Sales Returns and Allowances and Sales Discounts are both ______________ accounts and have _______________ normal balances.

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Definitions:

Advertisement

A public announcement in various media intended to attract interest or promote the sale of products or services.

Pique Technique

A strategy in social influence and compliance that involves making a request in an unusual manner to increase the likelihood of compliance by piquing interest.

Scarcity Principle

A psychological and economic principle stating that limited availability of a resource makes it more desirable and valuable.

Limited-number Technique

A marketing strategy that creates a sense of urgency by claiming a product is in short supply, urging quick consumer action.