discount

Vocabulary Word

Definition

A 'discount' is a term we use when we talk about lowering the price of something. It means the price is reduced by a certain percentage or amount. You often see discounts in stores to get people to buy more.

Examples in Different Contexts

In sustainability campaigns, 'discounts' can encourage eco-friendly purchases. An environmental advocate might state, 'Customers using reusable containers get a 10% discount at our cafe.'

Practice Scenarios

Accounting

Scenario:

This quarter's financial performance has been affected by asset depreciation. We need to figure out a way to optimize our balance sheet.

Response:

Do you think discounting the book value of depreciated assets would make a significant difference?

Marketing

Scenario:

We need to boost our Q4 sales numbers. Any creative ideas to counter this challenge?

Response:

What about a holiday discount? It's festive season time and people are on the lookout for deals.