Larry's Lawn Care Allows Customers to Use a Credit Card

Multiple Choice

Larry's Lawn Care allows customers to use a credit card for purchases. Larry pays 4 percent of the sale to the credit card company. To promote more business, Larry decides to offer a lower price to customers paying cash-that price being 3 percent less than the standard list price. Larry is giving his customers

A) a functional discount.
B) a trade-in allowance.
C) a promotional allowance.
D) a cash discount.
E) an everyday low price.