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Match each of the following terms with the best corresponding definition. Terms: A. Sales allowance B. Purchase return C. Sales discount D. Purchase discount E.
Match each of the following terms with the best corresponding definition. |
Terms: |
A. Sales allowance |
B. Purchase return |
C. Sales discount |
D. Purchase discount |
E. Sales return |
F. Trade discount |
G. Purchase allowance |
Definitions: |
i. A customer returns merchandise for a full refund |
ii. A retailer receives a partial refund but keeps the defective merchandise |
iii. A customer receives a partial refund but keeps the defective merchandise |
iv. A customer pays their account in full within the discount window |
v. A type of purchase discount negotiated between a manufacturer and a retailer before settlement on a final price |
vi. A retailer returns merchandise for a full refund |
vii. A retailer pays their account in full within the discount window |
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