DISCOUNT SCHEME Meaning and
Definition
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A discount scheme refers to a structured plan or program offered by businesses or organizations to provide reduced prices or financial incentives to customers or clients. It is designed to encourage product or service sales and build customer loyalty. The scheme establishes a framework for offering various discounts, deals, or promotions to customers that meet certain criteria or conditions.
Typically, a discount scheme involves providing price reductions, percentage discounts, rebates, or special offers as part of a marketing strategy. These schemes may be aimed at attracting new customers, promoting specific products or services, or retaining and rewarding existing clientele. The discounts can be applicable at the time of purchase, through the use of discount codes, coupons, loyalty points, or through future rebates.
Discount schemes may be implemented for short-term purposes, such as seasonal sales or limited-time promotions, or as long-term strategies to maintain a competitive edge in the market. They can be applied in various industries including retail, hospitality, travel, telecommunications, and online marketplaces.
The primary objective of a discount scheme is to incentivize potential customers to make a purchase by offering them a lower price than the usual market rate. These schemes can create a sense of value and urgency, prompting customers to take advantage of the discounted prices. Additionally, discount schemes can foster customer satisfaction and loyalty by providing them with financial benefits and enhanced overall shopping experiences.
Common Misspellings for DISCOUNT SCHEME
- siscount scheme
- xiscount scheme
- ciscount scheme
- fiscount scheme
- riscount scheme
- eiscount scheme
- duscount scheme
- djscount scheme
- dkscount scheme
- doscount scheme
- d9scount scheme
- d8scount scheme
- diacount scheme
- dizcount scheme
- dixcount scheme
- didcount scheme
- diecount scheme
- diwcount scheme
- disxount scheme
- disvount scheme
Etymology of DISCOUNT SCHEME
The etymology of the word "discount scheme" can be understood by examining the origins of the individual words.
1. Discount: The word "discount" originated from the Old French word "descompte", which came from the Latin word "discomputare". "Discomputare" was a combination of the prefix "dis-" (meaning "apart" or "away") and the verb "computare" (meaning "to reckon" or "to calculate"). Over time, "discount" came to refer to a deduction or reduction in price.
2. Scheme: The word "scheme" originated from the Late Latin word "sche(m)a", which came from the Greek word "skhēma". "Skhēma" originally referred to a form or shape, but it later developed the figurative meaning of a plan, design, or arrangement.
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