A reason for granting quantity discount is to
Question 1 Report
A reason for granting quantity discount is to
Answer Details
A reason for granting quantity discount is to encourage bulk purchases. When a customer purchases a large quantity of a product, the seller may offer a discount on the total price of the goods. This discount is called a quantity discount, and it's intended to encourage the customer to buy more items at once. By offering quantity discounts, the seller can increase sales volume, reduce inventory costs, and create stronger relationships with customers who are buying in large quantities. Thus, the main purpose of a quantity discount is to incentivize customers to buy more products at once, which benefits both the buyer and the seller.
Download The App On Google Playstore
Everything you need to excel in your exams
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning