Pennzoil products are shipped to the Canadian Tire warehouse regularly.Assuming Pennzoil ships three truckloads biweekly, it is in a position to negotiate rates with a trucking company.What is the discounted rate called?

Question

Quizplus · Accepted Answer

The discounted rate negotiated by Pennzoil with a trucking company is referred to as a contract rate, as it is based on a contractual agreement between the two parties. The other options (insider rate, customer rate, class rate) are not commonly used terms in this context.

Pennzoil Products Are Shipped to the Canadian Tire Warehouse Regularly