Secret Sneaker will give anyone $10 for an old pair of sneakers,regardless of condition,when that person purchases a new pair of sneakers.The end result is essentially reducing the price of the new sneakers by $10.What is this type of price adjustment called?
A) functional discount
B) captive product
C) seasonal discount
D) trade-in allowance
E) by-product

Question

Quizplus · Accepted Answer

This is called a trade-in allowance, where customers are given a discount for trading in their old product (in this case, sneakers) in exchange for a new product (also sneakers).

Secret Sneaker Will Give Anyone $10 for an Old Pair