For increasing sales, the decrease in selling price, below the selling price list is known as ____________?
Correct answer: D. price discount
- A. partial discount
- B. corporate discount
- C. treasury discount
- D. price discount
Explanation
A price discount is the reduction from the listed selling price, often offered to stimulate sales or attract customers. The other terms are not standard classifications for this reduction.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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