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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

fy and describe the main types of discounts that are used in the pricing of business products.

Summary Introduction

To determine: The main types of discounts that are used in pricing of business products.

Introduction: Price frames a vital constituent of the showcasing blend and is for the most part administered by the organizations pricing objectives, which is intelligent of the marketing, money related, product and vital objectives, alongside the consumer price desires, the current stock, the manufacturing facility and the related price elasticity.

Explanation

The main types of discounts that are used in pricing of business products are as follows:

  • Cash discounts: It is provided for provoke payment without delay. A seller might present a discount of "3/15, net 45," implying that the purchaser may take a 3 percent discount if the invoice is paid inside 15 days and that the invoice must be pay all payable funds inside 45 days...

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