Hormel offers its food distributors a discount of 15 percent for payment within 10 days on orders of all Jiffy brand products. H

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Ronch [10]

3 years ago

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Hormel offers its food distributors a discount of 15 percent for payment within 10 days on orders of all Jiffy brand products. H

ormel is giving its customers a

Business

1 answer:

Feliz [49] · Answer 1 · 2022-11-22T22:30:06+03:00

Hormel is giving its customers a cash discount.

<h3>What is cash discount?</h3>

Cash discount is the discount a seller give to a buyer by reducing the amount the buyer was supposed to pay because the buyer make his payment earlier.

Based on the given scenario Hormel offers is offering its food distributors a discount of 15 percent if the distributor paid within the stipulated time or period of 10 days.

Inconclusion Hormel is giving its customers a cash discount.

Learn more about cash discount here:brainly.com/question/14883253