Volume discount, a common pricing strategy in various industries, offers reduced prices for customers who purchase larger quantities of a product or service. It plays a pivotal role in inventory management and revenue generation for businesses and provides substantial savings and bulk purchasing benefits for customers.
Understanding how volume discounts are calculated is crucial for both buyers and sellers. Historically, volume discounts emerged as a way to incentivize bulk purchases and increase sales. Today, it remains a widely adopted practice due to its mutual benefits for businesses and customers alike.
