Identify and Describe the Major Types of Discounts Used for Business

question 210

Essay

Identify and describe the major types of discounts used for business markets. Then explain the reasons for using each type.

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Definitions:

Product Service

A combination offering that includes both tangible products and intangible services, designed to meet specific customer needs.

Communication Standard

Established protocols or guidelines that allow different communication systems to work together effectively, ensuring compatibility and interoperability.

Supply Chain

Involves all the steps involved in getting a product from a raw material to the customer, including production, transportation, and distribution.

Customer-Facing

Activities, roles, or functions in a business that directly interact with the customers, such as sales and customer service.