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Discount

Level

Associate

'Discount' is simply a fancyspecial, not ordinary word for getting something cheaperit costs less money. It's like if a candy bar costs $2 and then you can buy it for $1. That's a discount!

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

'Discount' is a financial term referring to the reduction in the face valueactual, stated value of a product or service in order to enhance its saleabilitythe ability to be sold. It may also refer to a reduction in the accounting value of an asseta valuable person or thing, or the present-value reduction of future cash flows.

Context

Business

In the technology sector, 'discount' can refer to price reductions on hardwarephysical parts of computer or software. A sales manager might suggest, 'To clear old inventorytotal amount of goods, we should offer a discount on last year's models.'

In the retail industrybusinesses that sell goods to consumers, 'discount' refers to the reduction in selling pricecost at which product is sold to attract customers. For instance, a store manager might announce, 'We are offering a 20% discount on all summer clothing.'

In marketing, 'discounts' form a key part of promotional strategiesplans to encourage sales to increase sales volume. A marketing manager may assert, 'Implementing a seasonal discount can drive upincrease our sales numbers.'

In accounting, 'discount' can refer to writing downreducing the recognized value the value of an asset. An accountant might mention, 'To reflect the machine's wear and tear, we discounted its book valueasset's value on company's books.'

Practice in Professional Context

Listen to the given audio and respond using 'discount'.

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