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Quantity Discount: Formula & Example

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

True or false: Quantity discounts are always effective.

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1. If each gewgaw always costs $1.00 to make, is a quantity discount going to save money?

2. True or false: Quantity discounts will lead to less profit-per-piece relative to the non-discounted price.

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About This Quiz & Worksheet

Check your understanding of quantity discounts with this quiz and worksheet. Use it as a pretest to see what you already know, or in combination with the related lesson to see how much you've learned.

Quiz & Worksheet Goals

This quiz will test students on the following:

  • Efficacy of quantity discounts
  • The cost effectiveness of quantity discounts
  • Effects of quantity discounts on the consumer

Skills Practiced

Students who take this quiz will be improving the following skills:

  • Reading comprehension - draw out the key information from the related business lesson
  • Making connections - use understanding of how quantity discounts work
  • Defining key concepts - ensure that you can accurately define main phrases, such as quantity discounts
  • Knowledge application - use your knowledge to answer questions about how quantity discounts affect the consumer

Additional Learning

For more information, check out the related lesson titled Quantity Discount: Formula & Example. The lesson meets the objectives listed below.

  • Define quantity discounts
  • Learn how to find the most cost effective price
  • Understand the benefits of quantity discounts for both producers and consumers
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