A Temporary Price Reduction Designed to Encourage Larger Purchases by Distributors

question 64

Multiple Choice

A temporary price reduction designed to encourage larger purchases by distributors is referred to as a

• A) rebate
• B) performance allowance
• C) merchandising allowance
• D) trade allowance
• E) refund offer

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Definitions:

Amount Owed

The total sum of money that is due or expected to be paid to a creditor or seller by a debtor or buyer.

Equal Credit Opportunity Act

A U.S. law that prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because someone receives public assistance.

Public Assistance

Government-provided support to individuals in need. This can include financial aid, food stamps, healthcare, and housing subsidies, among other forms of assistance.

Expired Credit Card

A credit card that has surpassed its end date of validity, rendering it unusable for transactions.