When a Buyer Pays a Lower Price for Buying in Multiple

question 100

Multiple Choice

When a buyer pays a lower price for buying in multiple units or above a specified dollar amount, what is the buyer receiving?

• A)a functional discount
• B)a cash discount
• C)a promotional discount
• D)a quantity discount

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Definitions:

Certificate of Limited Partnership

A legal document filed with a state authority that establishes the existence of a limited partnership and includes key details about its structure and operation.

General Partner

A member of a partnership who has management duties and unlimited personal liability for the partnership's debts and obligations.

Capital Contributions

Funds or assets introduced into a firm or partnership by its owners or partners to support the organization's operations, finance its activities, or expand its assets.

Transferable Interests

Transferable interests are the portions of ownership in a business entity that can be transferred or sold from one owner to another.