Trade discount
Revision as of 15:38, 28 October 2019 by Gary (talk | contribs) (Gary moved page Trade discounts to Trade discount)
Trade discount is a price reduction that suppliers offer customers for early payment of bills.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Trade discounts. Price reductions that suppliers offer customers for early payment of bills.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
