Which Type of Price Discount Would Most Likely Be Offered

question 70

Multiple Choice

Which type of price discount would most likely be offered by a ski lodge during the summer months?

• A)quality discount
• B)seasonal discount
• C)promotional allowance
• D)associate allowance
• E)functional discount

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Definitions:

Collection Period

The average number of days it takes for a business to receive payments owed by its customers, indicating the efficiency of a company's credit and collection policies.

Sales

The total amount of revenue generated by a company from the sale of goods or services before any costs or expenses are deducted.

Accounts Receivable Balance

The entire sum owed by customers to a company for the consumption of goods or services for which payment has not been made.

Cost of Goods Sold

The immediate expenses linked to the creation of products that a company sells.