A Trade-In Allowance Refers to A(n)

Multiple Choice

A trade-in allowance refers to a(n)

A) exchange of one product for another of equal or greater value without an exchange of cash.
B) cash back exchange when a more expensive item is replaced with a less expensive item.
C) price reduction given when a used product is part of the payment on a new product.
D) price reduction given when a used product is part of the payment for a large ticket item or bulk purchase.
E) price reduction given in exchange when a used product is part of the payment provided the older product is of the same make and model of the newer product.