MANAGEMENT

Detailed explanation-1: -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.

Detailed explanation-2: -Volume discounts enable a buyer to purchase a large quantity of a good at a discounted rate.

Detailed explanation-3: -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-4: -quantity discount in Retail Also known as bulk buying discount. Cumulative quantity discounts are offered if a firm’s purchases from a particular vendor exceed a specified quantity or dollar value over a predetermined time period.