cashback-offer

Vocabulary Word

Definition

A 'cashback offer' usually involves a business returning a certain portion of your purchase cost as an incentive. It's like a little reward you get after buying something, which makes the item cost less overall.

Examples in Different Contexts

In online shopping, 'cashback offers' are used to attract customers and enhance the shopping experience. An e-commerce strategist might say, 'Adding a cashback offer to our online sales can significantly boost customer loyalty and repeat business.'

Practice Scenarios

Marketing

Scenario:

Our competition has started offering steep discounts on their products. We may need to reconsider our pricing or promotional offers.

Response:

Perhaps we could match their discounts, or better yet, run a cashback offer to make our products more appealing?

Business

Scenario:

We've been noticing a decline in sales over the past quarter. Perhaps we could arrange some promotional strategies to attract more customers?

Response:

How about implementing a cashback offer to incentivize people to spend more during their shopping trips?