Merchants frequently offer a discount off the base price to customers who pay immediately,or within a specified time period.What is this called?

Question

Quizplus · Accepted Answer

This is the most commonly used term for a discount offered to customers who pay immediately or within a specified time period. It is also referred to as a prompt payment discount or a settlement discount.

Option B) a functional discount is a discount offered by manufacturers to distributors or retailers based on certain functional activities such as marketing, selling, or warehousing.

Option C) a promotional allowance is a type of discount offered to retailers by manufacturers to promote their products or increase sales.

Option D) a base discount is not a commonly used term in the context of discounts offered by merchants.

Merchants Frequently Offer a Discount Off the Base Price to Customers