NECO Commerce 2022 Objective — Question 22
Question 22 of 50 from the National Examinations Council (NECO) Commerce 2022 Objective paper, with the correct answer and a full explanation.
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The incentive given to a buyer to encourage prompt payment is
- A. Cash discountCorrect
- B. seasonal discount
- C. quantity discount
- D. trade discount
Explanation
Cash discount is the incentive given to a buyer to encourage prompt payment for goods bought.
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