Examlex
Any theory of the term structure of interest rates needs to explain each of the following, except:
Employee Discounts
Reductions in price offered to employees of a company as a benefit or perk, which can apply to products or services offered by the employer.
Net Markups
The amount by which the cost of a product is increased to arrive at the selling price, after accounting for any discounts or additional charges.
Net Markdowns
The total decrease in the original selling prices of products, accounting for promotions or clearance sales, minus any markdown cancellations.
Periodic Inventory System
An inventory accounting system where the inventory balance is updated and the cost of goods sold is calculated only at the end of each accounting period.
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