Reductions from list or quoted prices to buyers for performing some activity are referred to as
A) allowances.
B) subsidies.
C) remittances.
D) noncumulative deductions.
E) list price deductions.

Question

Quizplus · Accepted Answer

Allowances are reductions from list or quoted prices given to buyers for performing some activity, such as trade-ins or promotional activities.

Reductions from List or Quoted Prices to Buyers for Performing