What is the term for a price deduction offered to customers purchasing goods in bulk?

Multiple choice question for Markets, Efficiency And The Public Interest. Select an option, then review the explanation below.

Explanation

A quantity discount is a price reduction given to buyers who purchase large amounts of a product. This differs from a cash discount, which rewards prompt payment; a seasonal discount, which is offered during specific times of the year; and a trade discount, which is provided to intermediaries or retailers.

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What is the term for a price deduction offered to customers purchasing goods in bulk?

Explanation

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