Net price is the standard price charged to customers.

Net Price

The price after allowance for all discounts.

Standard Price

The regular or fixed cost of a product or service, typically unaffected by discounts or special offers.

Customers

Individuals or entities that purchase goods or services from a business.

Acquire knowledge of the core principles of pricing, discount implementation, and credit policies for competitive leverage.

Verified Answer

Rosalinda RostroMay 17, 2024

Final Answer :

False

Explanation :

Net price refers to the final price after all discounts, rebates, or promotions are subtracted from the list price, not the standard price charged to customers.

Learning Objectives

Acquire knowledge of the core principles of pricing, discount implementation, and credit policies for competitive leverage.

Net price is the standard price charged to customers.

Definitions

Learning Objectives

Learning Objectives

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