Entity: DISCOUNT
Discount refers to a reduction in the usual price or value of something. It can also imply a state of low quality. Discounts are commonly offered in retail settings to attract customers and increase sales.
DISCOUNT
Etymology
The word 'discount' originated from the Latin word 'discomputare,' meaning to deduct or subtract.
Definition
Discount refers to a reduction made from the gross amount or value of something. It is commonly used in retail to attract customers or clear out inventory.
Historical Context
Discounts have been used throughout history as a marketing strategy to increase sales and move products quickly.
Cultural Significance
In modern consumer culture, discounts are a common way for businesses to attract customers and create a sense of urgency to purchase.
Related Concepts
Other related concepts include sales, promotions, coupons, and clearance items.
See Also
A reduction made from the gross amount or value of something, often used to attract customers or clear out inventory.