When customers purchase products on account,Spitz Manufacturing offers them a 2% reduction in the amount owed if they pay within 10 days.This is an example of a:

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This is an example of a sales discount, where customers are offered a reduced price if they pay within a certain timeframe. It is not a bad debt (which refers to uncollectible accounts), a sales return (which involves customers returning products for a refund), or a sales allowance (which involves granting a price reduction after the sale is made).

When Customers Purchase Products on Account,Spitz Manufacturing Offers Them a 2