MANAGEMENT

Detailed explanation-1: -A discount pricing strategy is a pricing strategy that, for a limited time, will see a merchant offer a lower price for a product than its usual full price. It involves marking down the prices of products and offering different deals with the ultimate goal of increasing sales.

Detailed explanation-2: -Loyalty discounts-discounts for frequent customers. Trade discounts-discounts for trading in a similar product. Cash discounts-discounts for paying in cash instead of credit. Quantity discounts-discounts that encourage purchasing more of one product.

Detailed explanation-3: -Discounts are promotions that businesses offer to their customers that reduce the cost of items or services, often by a percentage or using specific criteria. For example, a store may offer a 50% discount on particular products.

Detailed explanation-4: -According to the economic effects of price discounts, a price discount provides a monetary gain, an incentive to encourage consumers to purchase the product. Consumers perceive a higher level of savings for a product when a higher price discount is provided, and this relationship was confirmed by many previous studies.