Noncumulative Quantity Discounts Are Intended to Encourage Customers to Make

question 106

True/False

Noncumulative quantity discounts are intended to encourage customers to make more of their on-going purchases from the same seller.

---

Definitions:

Equilibrium Price

The market price level where the volume of goods producers are willing to sell equals the volume consumers are willing to purchase.

Quantity of Lattés

The total amount or number of lattés produced or served, used often in economic contexts to discuss consumer choice or market demand.

Labor Necessary

The essential work or effort required to produce goods and services, considered as one of the factors of production.

Microprocessors

Integrated circuits that contain the functions of a computer's central processing unit (CPU), serving as the brains of computers, smartphones, and other electronic devices.