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Define quantity discount trade discount and cash discount and explain the importance of discount for the business in terms of marketing?
quantity discount and trade discount are the same thing. it is used when the dealer wants to sell in bulk. while cash discount is given when he wants prompt payment.
What is the discount in buying office supplies in bulk?
Most office suppliers will offer a discount depending on what quantity of goods the customer is buying. The amount of discount can vary from store to store, though it is the usually same discount throughout a large chain of stores.
Major strategies used for pricing imitative and new products?
major strategies used for pricing imitative and new products depends on two factors i.e. price and quantity The strategies are: Premium Strategy= when price charged is high and Quantity supplied is also high Good Value Strategy= when price is low and quantity is high Overcharging strategy= when price is high and quantity is low eg: Maruti Versa Economy strategy= When both price and quantity are low major strategies used for pricing imitative and new products depends on two factors i.e. price and quantity The strategies are: Premium Strategy= when price charged is high and Quantity supplied is also high Good Value Strategy= when price is low and quantity is high Overcharging strategy= when price is high and quantity is low eg: Maruti Versa Economy strategy= When both price and quantity are low
Differences between retailer and wholesaler?
retailers buy gooods in smaller quantity while wholesalers buy larger quantity
What is quantity of purchase?
number of the items
Define quantity discount trade discount and cash discount and explain the importance of discount for the business in terms of marketing?
quantity discount and trade discount are the same thing. it is used when the dealer wants to sell in bulk. while cash discount is given when he wants prompt payment.
What does this quote mean better is a little with content than much with contention?
This quote means that it is better to have a small amount of something substantial rather than a large quantity that leads to conflict or disagreement. Quality and peace of mind are more valuable than quantity and discord.
What is the difference between a volume discount and a quantity discount?
A volume discount is what you get if you buy one - because the supplier bought 100,000 of them. A quantity discount is what you get if you buy in bulk: If you buy 1,000 of them, you get a better price than someone who buys 50 of them.
What is a benefit of centralized buying?
quantity discount
Why is so that travel in a group is cheaper?
You get a group discount for quantity.
What is the percent of a quantity that increases or decreases from its original amount?
the discount
What is the discount in buying office supplies in bulk?
Most office suppliers will offer a discount depending on what quantity of goods the customer is buying. The amount of discount can vary from store to store, though it is the usually same discount throughout a large chain of stores.
What are you required to do when you want to use a discount membership to save money?
purchase a large quantity of an item
How is the quantity discount model related to the EQD MODEL?
The quantity discount model and the Economic Order Quantity (EOQ) model are both inventory management tools that aim to minimize costs associated with purchasing and holding inventory. The quantity discount model incorporates price reductions based on the volume of purchases, influencing the optimal order quantity to take advantage of these discounts. In contrast, the EOQ model focuses on determining the most efficient order size by balancing ordering and holding costs without considering discounts. Together, they can inform purchasing strategies by combining cost minimization with bulk pricing benefits.
How can you get a really cheap carbon monoxide detector?
steal one buy a large quantity for the discount Ebay
Differentiate between cash discount and trade discount?
Cash discount is a discount offered by a seller to a buyer for paying earlier than the due date, whereas a trade discount is a discount provided by a seller to a buyer based on the quantity or value of goods purchased. Cash discount reduces the actual amount to be paid, while trade discount is deducted from the list price before calculating the invoice amount.
What are the advantages of quantity discount?
Improved coordination to increase total supply chain profits Extraction of surplus through price discrimination
