Identify a true statement about the financial terms and conditions of a sale.
A) Promo codes encourage large purchases by passing along savings resulting from reduced processing costs.
B) Free on board (FOB)installed indicates that title and responsibility of an equipment are transferred before it is installed and operating properly.
C) The terms and conditions of a sale do not include shipping costs.
D) Factors that affect price are the use of quantity and other discounts,as well as credit and shipping terms.
E) Figuring out the final actual price is easy,especially in situations with many options and packages rather than standardized products.

Question

Quizplus · Accepted Answer

Factors such as discounts, credit and shipping terms affect the price of a sale. Option A is incorrect as promo codes may encourage purchases but not necessarily by passing along savings resulting from reduced processing costs. Option B is incorrect as FOB installed means that title and responsibility of an equipment are transferred after it is installed and operating properly. Option C is incorrect as shipping costs may or may not be included in the terms and conditions of a sale. Option E is incorrect as figuring out the actual final price can be complex, especially with customized products or packages.

Identify a True Statement About the Financial Terms and Conditions