A/An _____ occurs in situations in which a buyer is allowed to automatically discount the published purchase price by a negotiated percentage for all purchases from a given price list or catalog during the contract period.
A) pricing agreement
B) international contract
C) national contract
D) open-ended order
E) None of the above.

Question

Quizplus · Accepted Answer

This scenario describes a pricing agreement or discount agreement between a buyer and seller. This allows the buyer to receive a discount based on a set percentage off of a published price list or catalog. The contract period may be for a set amount of time or may be ongoing. The other options do not accurately describe this situation.

A/An _____ Occurs in Situations in Which a Buyer Is