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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebTrade DiscountA trade discount is a reduction in the retail price of a product or service offered to individuals or businesses within a particular trade or industry. It is typically given as an incentive to wholesalers, retailers, or other intermediaries who purchase goods or services in large quantities or on a regular basis. Sense 1: Price ReductionIn this sense, a trade discount refers to a percentage or fixed amount subtracted from the list price of a product or service. It allows businesses to buy goods at a lower cost, ensuring a profit margin when reselling them. For example, a retailer may receive a trade discount of 20% on a bulk order of electronics. Example:The manufacturer offered a 10% trade discount to encourage retailers to order their new line of clothing. Sense 2: Wholesale DealsIn a broader meaning, trade discount can also refer to the special pricing or exclusive deals offered to wholesalers or members of a particular trade. These discounts are often negotiated for long-term partnerships and can include benefits such as priority access, volume-based pricing, or promotional offers. Example:The company joined a trade association to gain access to trade discounts on raw materials and supplies. Sense 3: Local Trade DealIn some cases, the term "trade discount" can also be used to describe a deal or discount available within a specific local market or community. Local trade discounts are often provided to promote local businesses and encourage consumers to support their local economy. Example:The local grocery store offered a trade discount to residents of the neighborhood to foster a sense of community and shopping loyalty. Related Products on Amazon | ||||
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