When a Buyer Pays a Lower Price for Buying Multiple

question 105

Multiple Choice

When a buyer pays a lower price for buying multiple units or above a specified dollar amount for a single order,the buyer is receiving a _____ discount.

• A) promotional
• B) quantity
• C) frequent buyer
• D) functional
• E) cumulative

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Definitions:

Regression

A statistical method used to determine the relationship between a dependent variable and one or more independent variables, often used for prediction and forecasting.

Slope

In statistics, the rate at which one variable changes over another, specifically in the context of linear regression.

Simple Linear Regression

This statistical technique involves modeling the correlation between a dependent variable and one independent variable through the application of a linear equation based on collected data.

Response Variable

The variable in an experiment or statistical model that changes in response to the manipulation of the explanatory variable.