Which statement regarding quantity discounts is most accurate?

Multiple Choice

Noncumulative quantity discounts encourage repeat buying by a single customer to a far greater degree than do cumulative quantity discounts.

Noncumulative quantity discounts encourage smaller long$-$term repeat purchases rather than less frequent larger short$-$term purchases.

Noncumulative quantity discounts encourage large individual purchase orders, not a series of orders.

Quantity discounts can basically be used only once with each reseller or the price will increase.

Quantity discounts are primarily used to undercut competitors' prices.