What are trade discounts? If you owned a retail business and you had a great relationship with an existing supplier, would a trade discount from a competing supplier be enough incentive for you to switch suppliers? Why or why not? What level of discount might incentivize you to move to the competitor? Explain the differences of these shipping terms: Free on Board Shipping Point, Free on Board Shipping Destination, Cash on Delivery, and Free Alongside Ship. Why is it important for buyers and sellers to be fully aware of ownership when shipping goods? Reflect on this question: If you owned a company and could negotiate the shipping term, which would you select? Why? What is a supply chain, and what different businesses or processes make up a supply chain? How does the supply chain affect retailers looking for trade discounts? Identify a business or retailer that you frequent and describe how that business's supply chain might affect you