What Is a One-Time Reduction in List Price, Typically Offered

question 154

Multiple Choice

What is a one-time reduction in list price, typically offered at time of sale, referred to as?

• A) an allowance
• B) a rebate
• C) a noncumulative discount
• D) a cumulative discount

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Definitions:

Competitive

A trait or situation where individuals or entities strive against each other to achieve a goal or superiority.

Type B Personality Style

A personality pattern in which a person is more relaxed, less aggressive, and less concerned about time.

Relaxed

A physical and mental state characterized by reduced tension and anxiety.

Aggressive

Refers to a range of behaviors that can result in both physical and psychological harm to oneself, others, or objects in the environment.