What do you call a financial reduction offered when a certain quantity of merchandise has been purchased?

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Prepare for the Funeral Service Merchandising Test. Use flashcards and multiple choice questions, complete with hints and explanations. Ensure you’re ready for the test!

The term used to describe a financial reduction offered when a certain quantity of merchandise has been purchased is "Quantity Discount." This concept is widely employed in various industries and allows buyers to receive a lower price per unit as a reward for purchasing in larger quantities. Such discounts can encourage bulk buying and help sellers move inventory while providing the customer with savings.

In the context of funeral service merchandising, offering quantity discounts can be an effective strategy to promote the sale of multiple items, such as caskets or memorial products, thereby benefiting both the funeral provider and the client. When a family chooses to purchase multiple related items, such as merchandise for multiple family members, the quantity discount can play an important role in their purchasing decision.

While terms like "Discount Rate," "Purchase Incentive," and "Quantity Rebate" may relate to discounts or incentives in general, they do not specifically describe the reduction in price associated with the purchase of a larger quantity of a single product, which is exactly what a quantity discount entails.

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