Discounts Meaning: Definition, Examples, and Translations
๐ฐ
discounts
[หdษชskaสnts ]
Definitions
shopping
Discounts are reductions in price for goods or services. They are often offered by retailers to attract customers or increase sales.
Synonyms
price reduction, rebate, sale.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| discounts |
Usually used in plural form when referring to multiple reductions in price on various products or services.
|
| rebate |
Refers to a partial refund given to someone after they have paid the full price, often used in promotions or for tax returns.
|
| price reduction |
Used to describe a decrease in the price of an item, more formal than 'discount' and can refer to permanent or temporary adjustments.
|
| sale |
Typically used to describe a period during which items are sold at reduced prices. Can be used as part of phrases like 'on sale' to indicate a discount.
|
Examples of usage
- I love shopping during sales to get discounts on clothes.
- Students can get discounts on movie tickets with their ID cards.
shopping
To discount something means to deduct a percentage from the original price. It is a common practice during sales or promotions.
Synonyms
cut the price, mark down, reduce.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| discounts |
Typically used in a broad sense for reducing the price of goods or services, often during promotional events or sales.
|
| reduce |
A general term used to describe making something smaller in size, amount, or degree. In retail, it refers to lowering the price.
|
| cut the price |
Frequently used informally to indicate reducing the price of an item, often as a temporary measure to attract buyers.
|
Examples of usage
- The store discounted all winter coats by 50%.
- They discounted the price of the product to make it more appealing to customers.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Economics
- Discounts can stimulate demand, especially during sales events, helping businesses clear inventory.
- Different types of discounts, like seasonal or promotional, can influence consumer buying behavior significantly.
- Some stores offer loyalty discounts, rewarding repeat customers with lower prices over time.
Marketing
- Retailers use discounts to attract customers, especially during holidays or special events.
- Psychologically, people are more likely to purchase items if they perceive they are saving money.
- Flash sales featuring steep discounts create a sense of urgency, encouraging quick buying decisions.
Psychology
- Consumers often feel happier when they think they got a discount, leading to positive shopping experiences.
- The โanchoring effectโ means that showing the original price alongside the discounted price influences perceptions of value.
- People might buy more than they need if they believe they are getting a great deal, showcasing how discounts can affect decision-making.
Pop Culture
- Popular sitcoms often feature storylines where characters go to extreme lengths to get discounts or deals.
- Movies often highlight black Friday shopping scenes, illustrating the chaos and excitement around discounts.
- Discounting has become a part of social media culture, with influencers promoting sales through platforms like Instagram.
Origin of 'discounts'
Main points about word origin
- The word 'discount' comes from the Latin 'disconata', which means 'to deduct or diminish'.
- The term has been used since the early 16th century, showing its long history in commerce.
- Originally, it specifically referred to a financial term in banking before becoming common in everyday shopping.
The word 'discount' originated from the Old French word 'descompter', which means to deduct. The concept of offering discounts has been around for centuries, with merchants using it as a strategy to boost sales and attract customers. Over time, discounts have become an integral part of retail marketing, with various techniques and promotions used to offer discounts on products and services.
See also: discounting.