Which of the Following Price Adjustment Strategies Encourages Prompt Payment

question 171

Multiple Choice

Which of the following price adjustment strategies encourages prompt payment?

• A) Cash discounts.
• B) Quantity discounts.
• C) Functional discounts.
• D) Seasonal discounts.

Describe the different schedules of reinforcement and their effects on behavior.

Understand the relationship between corporate governance and shareholder influence.

Identify the largest areas of loan securitization in recent years.

Recognize different types of financial intermediaries and their functions.

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Definitions:

Marginal Cost

The financial outlay for producing a further unit of a product or service.

Perfectly Competitive Firm

A business that operates in a market where there are many buyers and sellers, each selling identical products, and no single buyer or seller can influence market prices.

Short Run

In economics, it denotes a period in which at least one input (e.g., capital) is fixed and cannot be altered.

Economic Profit

The total revenue of a business minus its explicit and implicit costs; a measure of profitability that includes opportunity costs.