MANAGEMENT

Detailed explanation-1: -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-2: -The two types of discount offered are trade discount and cash discount.

Detailed explanation-3: -Two types of quantity discounts are all units’ discounts and incremental discounts. In units’ discount all units above a certain quantity are given a discount at different levels. For example, for 100 products, the price per unit will be $10 and for a quantity of 100-200 products, the price per unit will be $7.

Detailed explanation-4: -What Is a Quantity Discount? A quantity discount is an incentive offered to a buyer that results in a decreased cost per unit of goods or materials when purchased in greater numbers. A quantity discount is often offered by sellers to entice customers to purchase in larger quantities.