Understanding Discounts and Payment Methods

What is the purpose of a Promotional Discount?

• To reward frequent customers

• To promote a new product or service

• To reduce immediate payment

• To increase stock turnover.

Which discount is given to customers who return frequently?

• Volume Discount

• Seasonal Discount

• Loyalty Discount

• Cash Discount

What is one advantage of discounts?

• They decrease sales

• They attract new customers

• They increase product prices

• They discourage purchases.

How do discounts help with stock?

• They increase stock

• They help move unsold products

• They make stock more expensive

• They reduce stock variety.

What do many credit cards offer as a benefit?

• No credit limit

• Points or cashback

• Higher interest rates

• No payment flexibility

Which of the following is an advantage of using a debit card?

• Helps avoid debt

• Allows spending beyond account balance

• Offers credit rewards

• Requires interest payments

What is a benefit of using a debit card over a credit card?

• Immediate transactions

• Higher credit limit

• Cashback offers

• Lower interest rates

Which statement is true about debit cards?

• They are less secure than credit cards

• They help in maintaining a strict budget

• They always offer cashback

• They have high interest rates.