Definition, Meaning & Synonyms
quantity-discount
Noun
/ˈkwɒntɪti dɪsˈkaʊnt/
Definition
A price reduction offered to customers who purchase a large number of goods or services.
Examples
- Many wholesalers offer a quantity discount for bulk orders.
- She saved a lot of money by taking advantage of the quantity discount on her office supplies.
- Retailers often have quantity discounts on seasonal products to clear inventory.
Meaning
The term refers to a pricing strategy that encourages bulk buying by lowering the cost per unit when a certain number of items are bought.
Synonyms
- bulk discount
- volume discount
- wholesale discount
