Suppose you own a retail business and are considering whether to allow your customers to have quantity discounts, sales discounts and sales allowances.

Required:

How do you think quantity discounts, sales discounts and sales allowances would affect the results of a business' \(\mathrm{C}-\mathrm{V}-\mathrm{P}\) analysis and its budgets? Explain what the effects would be. If a business gives quantity discounts, sales discounts and sales allowances, what information would it need to conduct \(\mathrm{C}-\mathrm{V}-\mathrm{P}\) analysis and develop budgets? (What questions would you have to ask?)