Answer:
a.Sales discount.
Explanation:
Sales discount is the reduction offered by the business to their customers in price of a product on early receipt of products sold on credit. This discount is offered for a specified period. After this period customer has to pay the full amount within the normal credit period. e.g the term 1/10 n/30 means there is 1% discount available on payment within 10 days with credit term of 30 days.
Answer:
The correct answer is letter "A": Sales discount.
Explanation:
Sales discounts are offered to customers as a result of purchasing certain types of goods in bundles, over certain periods, or when there is a promissory note on credit and the merchant provides a margin in return for early payment. Sales discounts promote customers to increase their purchase quantities, the repayment of their debt -if any, and create good relationships between providers and customers.
