A Discount Given to a Customer for Purchasing a Large

question 25

Multiple Choice

A discount given to a customer for purchasing a large volume of merchandise is typically referred to as a

• A) quantity discount.
• B) cash discount.
• C) trade discount.
• D) size discount.

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Definitions:

Motivation Factors

Elements or conditions that encourage a person to act or behave in a certain way, often leading to increased effort and energy towards achieving a goal.

Herzberg's Two-Factor Theory

A theory of motivation proposing that job satisfaction and dissatisfaction arise from two different sets of factors: hygiene factors and motivators.

Adam Smith

Known as the father of modern economics, he was an 18th-century philosopher best known for his theories on free market economics and the invisible hand concept.

Self-Interest

What is in the best interest of and benefit to an individual.