his activity is important because the final price serves many functions for the firm. The final price must be high enough to cover the firm's costs and achieve the firm's objectives, but also low enough to be attractive to consumers. To set the final price, marketing managers begin with the list $($quoted$)$ price and then make price adjustments. Marketing mangers use both discounts and allowances, which are reductions from the list price given, as a reward for performing an activity to arrive at the final price. The four most common types of discounts are

quantity,

seasonal,

trade $($functional$),$

cash.

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The goal of this activity is to demonstrate your understanding of the four types of discounts used by sellers.

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Group the products by the type of discount they represent. Move each label to the correct drop zone box. The notes button next to a label provides more information.