What is meant by Discounts?
Discounts refer to price reductions or deductions applied to an original selling price. These discounts can be calculated and applied in different ways, depending on the company's conditions and goals.
Typical discount types include:
- Quantity discount: A discount granted based on the quantity of purchased goods.
- Loyalty discount: A discount for recurring customers or those who have remained loyal over a certain period.
- Seasonal discount: A discount offered at specific seasons or holidays to boost sales.
- Promotional discount: A time-limited discount offered as part of a sales promotion or advertising campaign.
- Employee discount: A discount granted to employees of a company, often as part of employee benefits.
- Special terms for specific customer groups: Discounts specifically applicable to certain customer groups such as students, seniors, or veterans.