Multiple choice

The price differential that reduces the quoted price so that the buyer pays much less than the quoted price is called as ___

  1. Offer

  2. Rebate

  3. Discount

  4. Bonanza

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A discount is a reduction from the quoted/listed price that lowers the actual amount paid at purchase. Discounts are applied at the point of sale - the buyer immediately pays less than the original quoted price. This is different from a rebate (refund after purchase) or an offer (general promotion).