Which of the following best explains 'payment discount'?
A) Discount is based on volume ordered and buyers can realize a lower price per unit.
B) Discount is based on orders placed out of season for delivery later in the year.
C) Discount is based on the how fast the customer pays their bills.
D) Discount is based on customers 'proximity to the supplier's factory or distribution centre.

Question

Which of the following best explains 'payment discount'? 
A) Discount is based on volume ordered and buyers can realize a lower price per unit. 
B) Discount is based on orders placed out of season for delivery later in the year. 
C) Discount is based on the how fast the customer pays their bills. 
D) Discount is based on customers 'proximity to the supplier's factory or distribution centre.

Quizplus · Accepted Answer

Payment discount is a discount given to customers for paying their bills quickly, usually within a specified period.

Which of the Following Best Explains 'Payment Discount