Reductions from the list price that a seller gives a buyer as a reward for some activity of the buyer that is favorable to the seller is called
A)pretax price
B)list price
C)manufacturer's retail price
D)manufacturer's cost
E)discounts

Question

Quizplus · Accepted Answer

Discounts are the reductions from the list price that a seller gives to a buyer as a reward for some activity of the buyer that is favorable to the seller. The other options- pretax price, list price, manufacturer's retail price, and manufacturer's cost- do not accurately describe the concept of discounts.

Reductions from the List Price That a Seller Gives a Buyer