Secret Sneaker will give anyone $10 for an old pair of sneakers,regardless of condition,when that person purchases a new pair of sneakers.The end result is essentially reducing the price of the new sneakers by $10.What is this type of price adjustment called?
A)functional discount
B)by- product
C)captive product
D)seasonal discount
E)trade- in allowance

Question

Quizplus · Accepted Answer

This type of price adjustment is called a trade-in allowance, as the customer receives a discount for trading in an old product (the old pair of sneakers) towards the purchase of a new product (the new pair of sneakers).

Secret Sneaker Will Give Anyone $10 for an Old Pair