Reductions from list or quoted prices to buyers for performing some activity,similar to discounts,are referred to as
A)allowances.
B)subsidies.
C)remittances.
D)noncumulative deductions.
E)list price deductions.

Question

Quizplus · Accepted Answer

Allowances refer to reductions from list or quoted prices given to buyers for performing some activity. Subsidies are financial assistance from the government, remittances are transfers of funds from one account to another, noncumulative deductions are not a recognized term in pricing, and list price deductions are not a commonly used term in pricing.

Reductions from List or Quoted Prices to Buyers for Performing