What is the definition of price break?
Understand the Problem
The question is asking for an explanation of the term 'price break', which typically refers to a pricing strategy where the price per unit decreases as the quantity purchased increases. This concept is important in understanding market pricing and purchasing incentives.
Answer
Reduction in price based on conditions (e.g., bulk purchase).
Price break refers to a reduction in the price of an item depending on certain conditions, such as purchasing in bulk or from a specific location.
Answer for screen readers
Price break refers to a reduction in the price of an item depending on certain conditions, such as purchasing in bulk or from a specific location.
More Information
Price breaks incentivize customers to make larger purchases by offering a per-unit cost savings.
Tips
Common mistakes include misunderstanding the conditions that qualify for a price break and failing to calculate the total cost correctly when bulk discounts are applied.
Sources
- Respond to Price Breaks - docs.oracle.com
- PRICE BREAK Definition & Meaning - Dictionary.com - dictionary.com
- What are Price Breaks? - DealHub - dealhub.io
