coupon

Vocabulary Word

Definition

'Coupon' is a voucher that gives a discount on a product or service. It's like an offer that lets you spend less money on something or get more value from what you pay.

Examples in Different Contexts

Non-profits may use coupons to encourage donations or participation in fundraising events. A non-profit coordinator might declare, 'Each donation above $50 will receive a coupon for our partner stores.'

Practice Scenarios

Marketing

Scenario:

The new web design services we offer aren't getting the traction we anticipated. We need a plan to boost outreach.

Response:

Just a thought, but what about a coupon code offer for a free website assessment with our first service booking.

Business

Scenario:

The new outlet isn't attracting as many customers as anticipated. Maybe we need to strategize our promotional activities.

Response:

Maybe we can distribute promotional coupons for the first 100 customers in the store to encourage more visitors.