When a Channel Intermediary Is Compensated for the Ordinary Services

question 145

Multiple Choice

When a channel intermediary is compensated for the ordinary services and tasks performed within the channel of distribution,the compensation usually comes in the form of a discount from base price.This discount is called a:

• A) seasonal discount
• B) promotional allowance
• C) cumulative or noncumulative quantity discount
• D) functional (or trade)discount
• E) rebate or refund

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Definitions:

User Requirements

Specifications or needs expressed by users that should be fulfilled by a system or product to satisfy its intended use in a particular context.

System Designs

System designs refer to the process of defining the architecture, components, modules, interfaces, and data for a system to satisfy specified requirements.

RAD

Rapid Application Development, a software development methodology that emphasizes quick prototype releases and iterations to expedite development and elicit early user feedback.

Prototypes

Preliminary models of products or systems used for testing and evaluation during the development process.