Asked by
Araceli Mingura
on Dec 15, 2024Verified
To encourage buyers to stock inventory earlier than their normal demand would require, manufacturers often use
A) noncumulative discounts.
B) cumulative discounts.
C) seasonal discounts.
D) trade discounts.
E) functional discounts.
Seasonal Discounts
Price reductions offered on products or services during specific seasons or times of the year to boost sales or clear inventory.
Encourage Buyers
The practice of motivating potential customers to purchase a product or service through various strategies, including marketing, promotions, and incentives.
Stock Inventory
A detailed list of goods or materials a company has in stock, a critical component for managing supply chain and meeting customer demand.
- Understand the reasoning for granting different forms of discounts like cash rebates, commercial reductions, and periodic sales.
Verified Answer
JM
Learning Objectives
- Understand the reasoning for granting different forms of discounts like cash rebates, commercial reductions, and periodic sales.