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A staff nurse has kept a time log to assist her in developing her time management skills. After a week, she reviews the log with her nurse manager and notices that there were several times that she was waiting for supplies and missing medications. The nurse manager suggests which of the following?
Noncumulative Quantity Discount
A price reduction offered on a single purchase order, not based on the quantity ordered over time.
Price Reduction
A decrease in the selling price of a product or service, often to attract more customers or to sell excess inventory.
Trade Discount
A trade discount is a reduced price offered by suppliers to retailers or other professionals in the industry, encouraging bulk purchases or to compensate for distribution services.
Cumulative Quantity Discount
A discount policy where the price reduction is based on the total volume of purchases made over time, encouraging repeated business by rewarding larger orders.
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