What is a price break?
Understand the Problem
The question is asking for clarification on the term 'price break', which typically refers to a reduction in price based on a certain quantity of products purchased or other criteria. It is commonly used in sales and pricing strategies.
Answer
A reduction in price per unit for bulk purchases
A price break is a reduction in price per unit when purchased in larger quantities.
Answer for screen readers
A price break is a reduction in price per unit when purchased in larger quantities.
More Information
Price breaks encourage customers to buy in larger quantities, which helps businesses increase their sales and profitability.
Tips
Price breaks should not be confused with price tiers. Price tiers refer to different prices for predefined quantity ranges, whereas price breaks specifically refer to discounts associated with larger quantities purchased.
Sources
- Price breaks - Dealhub.io - dealhub.io
- PRICE BREAK Definition - Collins Dictionary - collinsdictionary.com
- PRICE BREAK Definition & Meaning - Dictionary.com - dictionary.com
