Examlex
Apple's success with the iPhone prompted Samsung and others to enter the market. This is an example of the "perfect competition."
Sales Discount
A reduction in the price of goods or services offered to customers, typically to prompt early payment or bulk purchases.
Contra Revenue Account
An account used to record reductions in gross revenue, such as discounts, returns, and allowances.
Operating Expense
Refers to the costs associated with the day-to-day functions of a business, excluding costs related to production.
Credit Terms
Conditions under which a seller will extend credit to a buyer, including repayment periods and interest rates.
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