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Part A Reduction of prices is offered by each merchandiser of the supply chain. Therefore consumers are attracted by those opportunities to be able to save their money. However, sometimes a discounted price is discounted again and again). This process can be repeated as much as the merchandiser is ready to accept keeping always in consideration a satisfactory level of markup. In the other hand, businesses are often granted a nice reduction in the price of items purchased if they place larger orders for goods. Read the above statement and answer the following: 1. Explain the types of discounts presented in the above statement. 2- Discuss the methods that can used to specify the markup of a merchandiser. Part B A value-added tax (VAT) is a consumption tax on a product whenever value is added at each stage of the merchandising chain, from the manufacturer to the consumer. It is applied on diverse kinds of products in many countries. Course Code: BAMA1101 1. Do you think it is applied in Sultanate of Oman? 2- If Yes, do you agree it will be beneficial? Justify your answer considering each stage of the supply chain. Part C Assets are defined as properties owned by the business, including anything of monetary value and anything that can be exchanged for cash or other property. Some assets have a useful life more than a year and the cost of items that are expected to last more than a year can be prorated (spread out) and deducted over a period of years. It is an annual allowance or paper loss for the wear and tear, deterioration, or obsolescence of the property. What do you understand from the above statement, and elaborate your answer with any two (2) factors involved in the above situation