Business terms and jargon explained. Your business dictionary
What is Volume discount
This is a discount that is given when you buy a large quantity.
e.g you buy 1 CD and the price is £10
10 cd's and the price per cd is £9
50 cd's and the price per cd is £7
The bigger the order the larger the reduction in unit price.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.