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Identify and describe the main types of discounts that are used in the pricing of business products.

User Cgrand
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Answer:

In simple words, discount refers to the deduction or relief on value that a customer will get on the initial price. The discount is depicted as certain percentage on the price of the product. The main types of discounts are as follows :

1. Volume discounts

2. Functional discounts

3. Advertising discounts

4. Seasonal discounts

5. Cash discounts

User Robert Bruce
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