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Payment terms, when for ordering expensive equipment, may include a 2 % discount if the buyer pays within the first 1 0 days of receiving

Payment terms, when for ordering expensive equipment, may include a

2 %

discount if the buyer pays within the first

10

days of receiving the invoice. This situation describes which type of discount?

Promotional

/

trade allowance

Quantity discount

Seasonal discount

Rebate

Cash discount

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