Quantity Discounts Are Discounts Offered to Encourage

question 48

Multiple Choice

Quantity discounts are discounts offered to encourage

• A) customers to buy in larger amounts.
• B) buyers to pay their bills quickly.
• C) buyers to buy later than present demand requires.
• D) excellent customer service.
• E) customers to buy sooner.

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Definitions:

Store Visit

The act of going to a physical retail location to examine or purchase products or services.

Category Management

An approach to managing the assortment of merchandise in which a manager is assigned the responsibility for selecting all products that consumers in a market segment might view as substitutes for each other, with the objective of maximizing sales and profits in the category.

Merchandise Assortment

The range of products a retailer offers for sale, including the variety of product lines, categories, and individual items, to meet customer demands.

Product Management

The process of developing, bringing to market, and managing a product throughout its lifecycle, from concept to discontinuation.