Larry's Lawn Care allows customers to use a credit card for purchases.Larry pays 4 percent of the sale to the credit card company.To promote more business,Larry decides to offer a lower price to customers paying cash-that price being 3 percent less than the standard list price.Larry is giving his customers a(n)
A) functional discount.
B) trade-in allowance.
C) promotional allowance.
D) cash discount.
E) everyday low price.
Correct Answer:
Verified
Q200: Seasonal discounts are used by manufacturers to
A)
Q201: If the cash discount terms for a
Q209: If the cash discount terms for a
Q212: A manufacturer offers a suggested list price
Q221: A promotional allowance is
A) a onetime discount
Q223: The acronym EDLP stands for
A) estimated discount
Q225: Instead of everyday low prices (EDLP),supermarkets prefer
Q228: Allowances, like discounts, are
A) rewards given to
Q231: A trade-in allowance is
A) a noncash exchange
Q237: Manufacturers or even wholesalers make geographical adjustments
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