____________ Are Reductions Off the List Price Given by a Producer

question 140

Multiple Choice

____________ are reductions off the list price given by a producer to an intermediary for performing certain functions.

• A) Trade discounts
• B) Quantity discounts
• C) Cumulative discounts
• D) Non-cumulative discounts
• E) Cash discounts

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Definitions:

Outsourcing

The business practice of hiring external vendors to perform services or produce goods that were previously handled internally, often to reduce costs or focus on core competencies.

Benchmark Firms

Companies that are considered to be the best in their industry or category and whose practices are used as a standard or comparison in benchmarking studies.

Supply-Chain Performance

The assessment of how effectively and efficiently a supply chain operates, often measured by metrics such as delivery time, quality, and cost.

Bar Code

A machine-readable representation of information typically used for identifying and tracking items through a series of parallel lines and spaces.