Discounts

Couponing
Couponing is an advertising method where vouchers are distributed to consumers allowing discounts on merchandise or service purchased within a stated period of time. Couponing provides an incentive for increasing sales.
Quantity Discount
A discount provided to buyers based on the amount of merchandise purchased, encouraging bulk procurement. Also known as volume discount.
Sales Promotion
Sales promotion encompasses activities, materials, devices, and techniques used to supplement advertising and marketing efforts, coordinating them with personal selling activities to boost product or service sales.
Senior Citizen
Generally someone age 65 or over. Discounts on goods and services, special tax rules, and additional privileges often benefit senior citizens.
Shopping Service
Shopping services facilitate product acquisition through representative comparisons or dedicated channels, aiding consumers in securing competitive prices or discounts.

Accounting Terms Lexicon

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