Price Reductions Offered on Products and Services to Stimulate Demand

question 2

Multiple Choice

Price reductions offered on products and services to stimulate demand during off-peak seasons are referred to as

• A) markdowns.
• B) seasonal discounts.
• C) price lining.
• D) predatory pricing.
• E) zone pricing.

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Definitions:

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Transactions

Economic events that affect a business's financial position, involving the transfer of assets, provision of services, or incurring of obligations.

Merchandise Inventory

Products that a retailer, wholesaler, or distributor has on hand to sell to customers.

Cash Effect

The impact of any transaction on a company's cash and cash equivalents, indicating how the transaction alters the company's liquidity.