discounts that are offered to business customers, final consumers, or channel members in exchange for doing something or accepting less of something are known as ______.

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12-12-2022
Business

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discounts that are offered to business customers, final consumers, or channel members in exchange for doing something or accepting less of something are known as ______.

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-12-17T03:56:41+01:00

Discounts that are offered to business customers, final consumers, or channel members in exchange for doing something or accepting less of something are known as noncumulative quanitity discounts.

Discounting is the process of converting a value received in the future to an customers value received now. A dollar received 50 years from now, for example, may be worth less than a dollar received today; discounting measures this relative value. Learn how to include invoice discounts. A sales discount, also known as a 'discount,' offers customers of a business a lower price on one or more of the products or services on offer.

To learn more about Discounts, click here.

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