Why business's gives discounts to customers

These are the reasons as to why entrepreneurs give discounts to their customers.They include:

The entrepreneurs give discounts to their customers inorder to influence customers to purchase more products and services as result the business will increase sales thus making more profits.

The entrepreneurs give discounts to their customers inorder to retain their existing customers with the aim of attracting more customers as the existing customers will spread the message about the discount being offered in certain business where they are purchasing goods and services.

The entrepreneurs give discounts to their customers inorder to remove certain stocks which have stayed for long time at the business shelves before the business can stock new and fresh stocks.

The entrepreneurs give discounts to their customers when they entrepreneurs have introduced new products and services in the markets so the business can give discounts to customers inorder to influence customers to try the new products which is available at the market.

The entrepreneurs give discounts to their customers inorder to enable their customers to settle their dents quickly,these can happen when the entrepreneurs have sold goods and services on credit so they will give discounts such as cash discounts inorder for customers to pay for the goods and services in time.

The entrepreneurs give discounts to their customers based on the seasonality for the goods and services which they sell to the market since their are certain goods and services which are on high demands on certain period of time than on other period of time.So entrepreneurs will give seasonal discounts to their customers inorder to sell the seasonal products from their business so as to make more profits.

The entrepreneurs give discounts to their customers inorder for their business to be known.These can happen when the entrepreneurs are new to the business or when the entrepreneurs have introduced new products and services to the business so the entrepreneurs will give discounts inorder for their new business to be known by customers or when the entrepreneurs introduces new products and services,then the entrepreneurs will give discounts inorder for customers to know and recognize the new products and services which the entrepreneurs have introduced at the market.

The entrepreneurs give discounts to their customers when the business wants to calculate financial year accounts so the business can give discounts so as to clear stocks and start another financial year afresh.

The entrepreneurs can also give discounts inorder to make customers to get the newer version of products and services which the business is selling at the market.These can happen when entrepreneurs have introduced newer version for certain products and services and they entrepreneurs want the customers to get the newer products and service with ease.So the entrepreneurs will give trade-in credit discounts inorder for customers to get the newer version of products with ease.

Related links
What is non-accumulative quantity discount in business
What is accumulative quantity discount in business
What is quantity discount in business
What is cash discount in business
What is trade discount in business
What is trade-in credit in business
What is seasonal discount in business
Type of discounts in business

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