Tasty Tomato Company temporarily cut the wholesale price of canned tomatoes by 10%.In response to the price cut,Great Groceries purchased a three month supply of canned tomatoes,which is twice the amount the retailer would normally buy.Which term best describes the actions of Great Groceries?

Question

Quizplus · Accepted Answer

Great Groceries' purchase of a three month supply of canned tomatoes, which is twice the amount the retailer would normally buy, is an example of forward buying. Forward buying refers to buying larger quantities of a product at a discounted price and storing it for future use or sale.

Tasty Tomato Company Temporarily Cut the Wholesale Price of Canned