The reduction in prices made on larger purchases is classified as?
Correct answer: B. discount
- A. bargained reduction
- B. discount
- C. allowance
- D. price segment
Explanation
A discount is a price reduction, and a quantity discount specifically rewards customers for purchasing larger quantities. An allowance is usually granted for activities such as trade-ins or promotional support.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Marketing
Marketing covers how organisations identify customer needs, create value and exchange products or services through suitable markets. Key concepts include market segmentation, targeting, positioning, consumer behaviour, the marketing mix of product, price, place and promotion, branding, product life cycle and differences between marketing and selling.
Practise Marketing
1,700 free Marketing MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Marketing questions
The stage of product life cycle in which the product has achieved acceptance from its potential buyers is called?
The product packaging is futile part of?
The less frequently purchased consumer products are called?
The new product pricing strategy through which company makes more profitable sales by selling out fewer units is classified as?
The luxury products such as Rolex watches are best classified as?
The basing point pricing, uniform delivered pricing, zone pricing and freight absorption pricing are all types of?