Discounts Intended to Reflect Services Performed by a Purchaser for the Supplier

question 79

Multiple Choice

Discounts intended to reflect services performed by a purchaser for the supplier are called:

• A) Channel discounts
• B) Functional discounts
• C) Distributor discounts
• D) Supplier discounts
• E) Competitive discounts

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Definitions:

Tariffs

Taxes imposed by a government on imported goods and services.

Revenue

The sum of revenue resulting from the sales of products or services that are central to a company's main business activities.

Comparative Advantage

Comparative advantage refers to the ability of a country to produce a certain good more efficiently and at a lower opportunity cost than another country.

Absolute Advantage

The capacity of a nation, person, or company to generate a greater quantity of a product or service than its rivals with an identical level of resources.