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

Coupons can serve as a measurable tool for customer acquisition and retention strategies. A sales manager might propose, 'Let's distribute coupons at the event to attract potential customers.'

Practice Scenarios

Products

Scenario:

Our new product line isn't selling as fast as we hoped. How can we make it more attractive for our customers?

Response:

What about offering discount coupons for our new products? It could boost sales and raise awareness about our brand.

Tech

Scenario:

The new software is out and we need to get more users to try it. Any thoughts on how we can do that?

Response:

Let's offer a limited-time coupon for a premium membership trial. It could boost user engagement and retention.