DISCOUNT BUSINESS Meaning and
Definition
-
A discount business can be defined as an enterprise or company that specializes in offering products or services at reduced prices compared to the standard retail value. These establishments typically operate in various industries such as retail, e-commerce, travel, and hospitality.
Discount businesses aim to attract customers by providing them with discounted prices. This can be achieved through various means such as bulk buying, procuring products at lower costs, negotiating deals with suppliers, or implementing cost-cutting strategies. By doing so, they are able to offer products or services to consumers at prices that are significantly lower than those offered by competitors.
Discount businesses have gained popularity due to the consumer demand for cost-effective options and the desire to obtain products and services at a lower price point. They provide an opportunity for individuals to save money while still benefiting from quality products or services.
These businesses often emphasize the importance of value and affordability. They typically focus on attracting customers who prioritize price over brand reputation or luxury. Common examples of discount businesses include discount retailers, outlet stores, online discount platforms, budget airlines, and discount hotel chains.
Overall, a discount business is centered around providing customers with access to products or services at reduced prices, catering to those who seek quality at a budget-friendly cost.
Common Misspellings for DISCOUNT BUSINESS
- siscount business
- xiscount business
- ciscount business
- fiscount business
- riscount business
- eiscount business
- duscount business
- djscount business
- dkscount business
- doscount business
- d9scount business
- d8scount business
- diacount business
- dizcount business
- dixcount business
- didcount business
- diecount business
- diwcount business
- disxount business
Etymology of DISCOUNT BUSINESS
The word "discount" originated from the Latin word "dis-", meaning "apart" or "away", and "computare", meaning "to reckon" or "calculate". It first appeared in English in the late 16th century, referring to the action of deducting or reducing the original selling price of a product or service.
The term "business" originated from the Middle English word "bisynes", which came from the Old English word "bisignes", meaning "care" or "occupation". It has its roots in the Old English verb "bisgian", meaning "to be anxious or solicitous about". Over time, "bisynes" developed into the modern meaning of an organization engaged in commercial, industrial, or professional activities.
Thus, the phrase "discount business" combines the word "discount", denoting a reduction in price, with "business", referring to an enterprise or organization.
Similar spelling words for DISCOUNT BUSINESS
Infographic
Add the infographic to your website:
