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Discounts





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To a customer to buy goods in a market, it is often necessary to offer an . With this in mind, many suppliers reduce the price of their goods by the buyer a discount. This may be for prompt payment, in which case it is called an early or cash discount. It may be for buying more than a certain amount of goods, in which case it is called a purchase or quantity discount. There may also be a discount when the buyer and the seller are in the same business or industry. Sometimes, instead of reducing the price at the time of sale, the pays some money back to a good customer at the end of a particular period. This is known as a rebate.