Allowances, like discounts; refer to
A)rewards given to retailers to encourage early payment.
B)payment extensions given in exchange for continual contracts.
C)list price deductions based on surges in consumer demand.
D)list price deductions based on sudden drops in consumer demand.
E)reductions from list or quoted prices to buyers for performing some activity.

Question

Quizplus · Accepted Answer

Allowances refer to reductions from list or quoted prices to buyers for performing some activity. This could include trade-in allowances, promotional allowances, or volume discounts. The other options are not accurate descriptions of what allowances are.

Allowances, Like Discounts; Refer to