Match Each Item with the Correct Statement Below

question 69

Multiple Choice

Match each item with the correct statement below.
-A(n) _____ is a price reduction offered to a consumer or a business buyer in return for prompt payment of a bill.

• A)competitive bidding
• B)penetration pricing strategy
• C)list price
• D)trade discount
• E)price flexibility
• F)promotional pricing
• G)loss leader
• H)cannibalization
• I)bundle pricing
• J)odd pricing
• K)transfer price
• L)profit center
• M)skimming pricing strategy
• N)competitive pricing strategy
• O)pricing policy
• P)market price
• Q)noncumulative quantity discount
• R)step out
• S)bot
• T)cash discount

---

Definitions:

Communist Countries

Nations that practice communism, a political and economic ideology characterized by the collective ownership of property and the organization of labor for the common advantage of all members.

Soviet Union

The Soviet Union, officially the Union of Soviet Socialist Republics (USSR), was a socialist state in Eurasia that existed from 1922 to 1991.

Das Kapital

A foundational theoretical text in communist philosophy, economics, and politics, written by Karl Marx, which critiques the economic systems of capitalism.

Adam Smith

A Scottish economist and philosopher known as the "father of economics" and the author of "The Wealth of Nations," which laid the foundation for classical economics.