A price reduction given when a used product is part of the payment on a new product is referred to as a _________.
A)cash discount
B)functional discount
C)seasonal discount
D)trade-in allowance
E)promotional allowance

Question

Quizplus · Accepted Answer

A trade-in allowance is given when a used product is part of the payment on a new product. This allows the seller to resell the used product while also making a sale on a new product.

A Price Reduction Given When a Used Product Is Part