A "basket purchase" is a purchase of
A) a group of units with similar characteristics at a single lump-sum price.
B) individual units with similar characteristics priced individually.
C) a group of units with different characteristics at a single lump-sum price.
D) individual units with different characteristics priced individually.

Question

Quizplus · Accepted Answer

A "basket purchase" refers to buying a group of units with different characteristics at a single lump-sum price, where the total cost is allocated among the different items based on their relative values.

A "Basket Purchase" Is a Purchase of