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A trade discount is:(choose one of the following answer) a.A term used by a seller to describe a cash discount granted to customers for prompt

A trade discount is:(choose one of the following answer)

a.A term used by a seller to describe a cash discount granted to customers for prompt payment.

b.A reduction in price for prompt payment.

c.A term used by a purchaser to describe a cash discount given to customers for prompt payment.

d.A reduction in selling price below the list price.

e.Also called a rebate.

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