DISCOUNT PRICE Meaning and
Definition
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A discount price refers to the reduced cost or price of a product or service from its original or usual selling price. It is a reduced rate offered to customers as an incentive to encourage sales or gain a competitive advantage in the market. This discounted rate is typically lower than the regular price and can be a result of various factors such as seasonal sales, promotional campaigns, inventory clearance, or bulk purchases.
Discount prices are often used as a marketing strategy by businesses to attract customers and increase their sales volume. Offering products or services at a lower price than usual can entice potential buyers who may perceive it as an opportunity to save money or obtain a better value for their purchase. Customers are more likely to be motivated to make a purchase if they believe they are getting a good deal.
Discount prices can be expressed in various ways, such as a percentage off the regular price (e.g., 20% off), a specific dollar amount reduction (e.g., $10 off), or a combination of both. It is important for customers to consider the original price, the discount amount, and any terms or conditions associated with the discounted price to determine the actual value they will receive.
In summary, a discount price is a lower cost offered to customers than the standard or original selling price. It serves as a marketing tool to promote sales by attracting customers with the perception of obtaining a bargain or better value.
Common Misspellings for DISCOUNT PRICE
- siscount price
- xiscount price
- ciscount price
- fiscount price
- riscount price
- eiscount price
- duscount price
- djscount price
- dkscount price
- doscount price
- d9scount price
- d8scount price
- diacount price
- dizcount price
- dixcount price
- didcount price
- diecount price
- diwcount price
- disxount price
- disvount price
Etymology of DISCOUNT PRICE
The word "discount" comes from the Old French word "desconter" which means "to count out" or "deduct". It originated from the Latin word "discomputare" which means "to deduct or reckon". The term "price" originated from the Middle English word "prys" which is derived from the Old French word "pris" meaning "value" or "worth". So, the term "discount price" combines the idea of subtracting or deducting from the value or worth of an item to arrive at a reduced cost.
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