A Reduction from List Price Given to Intermediaries to Get

question 127

Multiple Choice

A reduction from list price given to intermediaries to get shelf space for a product is a:

• A) shelf allocation.
• B) brokerage allowance.
• C) trade allowance.
• D) stocking allowance.
• E) push money allowance.

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Definitions:

Certified Check

A check that is accepted by the bank from which the funds are drawn.

Accepted

A term indicating that an offer has been formally agreed to, creating a binding contract between parties.

Check

A special draft that orders a bank (the drawee) to pay a specified sum of money to the payee from the drawer’s account.

Blank Endorsement

A payee’s or last endorsee’s signature on a negotiable instrument.