ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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“Buy 1, get 1 free” is an example of ____ discount pricing.
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Cash
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Quantity
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Trade
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Seasonal
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Explanation:
Detailed explanation-1: -Quantity discounts don’t necessarily include purchases of a large number of units of a good. For example, at the retail level, a “Buy One Get One Free” deal offered to consumers is a quantity discount.
Detailed explanation-2: -At some time or another, you’ve probably heard of the famous BOGO strategy. “Buy one, get one free” is a promotion which offers the user a free product for the purchase of an item of greater or equal value.
Detailed explanation-3: -A Buy One Get One Free (BOGO) deal involves offering a second product for the first price. Typically, the promotion is applied to a particular product category, such as shoes, and is intended to encourage customers to try the product out before deciding.
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