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Published byTia Sutley Modified over 2 years ago

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Discount Pricing

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Objectives Understand the concept of a discount. Determine the meaning of employee discount. Distinguish the difference between cash discount, trade discount, quantity discount, and seasonal discount.

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Discount A reduction from the list price or a reimbursement for performance of a specific task.

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Employee Discount Discount to encourage workers to buy the products their employer sells or manufactures.

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Cash Discount A price discount offered for early payment of bills.

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Trade Discount Discount given to wholesalers, retail dealers, or others in a particular trade as repayment for the performance of certain functions.

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Quantity Discount A price offered to buyers for placing large orders.

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Seasonal Discount A price discount intended to encourage purchase of products during a time of year when sales are traditionally low.

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Summary A discount is reducing the list price of an item or service. Employee discounts encourage employees to buy from their employer. Cash discounts encourage early payment of bills.

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Summary Trade discounts are given to members of a particular trade. Quantity discount encourage the placing of large orders. Seasonal discounts help boost low sales by discounting off-season merchandise.

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