Asked by
Kassy Hinojosa
on Dec 15, 2024
Verified
A reduction from the list price that a seller gives a buyer as a reward for some activity of the buyer that is favorable to the seller is called
A) the pretax price.
B) the list price.
C) the manufacturer's suggested retail price (MSRP) .
D) a discount.
E) a trade-in allowance.
Trade-In Allowance
The discount or amount credited to a buyer when they trade in an old item towards the purchase of a new item.
List Price
The manufacturer's suggested retail price (MSRP) of a product, before any discounts, coupons, or negotiations.
- Recognize the various types of discounts such as quantity, seasonal, trade, and cash discounts, along with their intended objectives.
Verified Answer
MM
Learning Objectives
- Recognize the various types of discounts such as quantity, seasonal, trade, and cash discounts, along with their intended objectives.