6)Which of the following options best describes the term ‘bulk discount’?
i) *a discount given to a customer who buys large quantities of goods*
ii) a discount given to a very large customer
iii)a discount which avoids the need to charge VAT on an invoice
iv) none of the above
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2
Answer:
1
Explanation:
bulk discount also known as trade discount, so trade discount is only given on purchasing or selling goods in large quantities.
hence option 1
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