The reduction of price awarded to the customers who pay their bills promptly is classified as ________?
Correct answer: B. discount
- A. non-functional discount
- B. discount
- C. quantity discount
- D. descriptive discount
Explanation
A prompt-payment reduction is specifically called a cash discount, and the available choices place it under the general term discount. A quantity discount, in contrast, depends on the volume purchased rather than payment timing.
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