When Sherman bought gas,he noticed the convenience store offered him a 2 percent reduction in price if he paid cash rather than if he used his credit card to pay for his purchase.The convenience store was offering him a
A)trade discount.
B)cash discount.
C)promotional allowance.
D)rebate.
E)functional discount.

Question

Quizplus · Accepted Answer

Retailers provide cash discounts to customers to eliminate the cost of credit granted to them.

When Sherman Bought Gas,he Noticed the Convenience Store Offered Him