Discounts on products may or may not answer questions from customers, but this does not mean that if a company offers discounts on a product, customers will answer their questions and decide to buy.
Discounts on goods or services are a great way to get new customers quickly. Even if they have never heard of your business before, a discount is likely to pique their interest when they learn that they can save money on goods or services they want, are likely to use, or have considered using. As a marketing strategy, discounts may not only help you increase your bottom line but also attract new customers and attention.
Benefits of providing discounts
- Attract new customers Discounts- as previously stated, are extremely appealing to customers and have the potential to attract both new and returning customers. Discounting products and services, particularly those in high demand, is a great way to get people's attention. Particularly in these days of social media, word-of-mouth traffic may significantly improve promotion outcomes. Your business's revenue is likely to rise as a result of increased traffic either online or in-store (or both).
- Increased Sales Despite- The fact that fewer products and services typically result in the greatest number of sales, increasing foot traffic to your store or website suggests that customers will be more likely to consider purchasing other products and services. The increased demand for one item may result in additional purchases while they are there.
- Enhances Brand Image- There are a number of scenarios in which a business might offer a discount in order to improve its image. A company's image may greatly benefit from targeted discounts, such as seasonal or location-specific discounts or discounts for a particular group of people. For instance, if a company gives discounts to people who are older, have served in the military, or have survived cancer, it shows that it cares about and can relate to certain groups (which gets more attention).
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Answer: a decrease in interest rate and investment will increase.
Explanation:
If government replaces the income tax with a consumption tax and the interest on savings was not taxed, this would lead to a reduction in interest rate and investments will also increase.
Since the interest on savings are not taxed, there'll be a decrease in interest rate and this will lead to investors investing more in the economy as investors can go to banks to borrow money at a lower interest rate which can be used for investment purposes.
<u>Answer</u>:
The U.S. public debt 3. refers to the collective amount that U.S. citizens and businesses owe to foreigners.
<u>Explanation</u>:
Public debt simply refers to the debt that the country owes to the lender outside the nation. This debt may include individuals, businesses and also other governments. Public debt is also referred to as the national debt.
In certain countries public debt can also refer to the debt that the states, provinces and municipalities owe. Public debt is called so because it is the collective annual budget deficit. National debt is an important determinant to bridge the government's funding differences.
Answer:
B. increases the demand for U.S. dollars.
Explanation:
Foreigners buying US goods and services will need the US dollar to complete the transactions. For them to acquire the US dollar, they will have to exchange their local currencies with the dollar. In other words, they will use their domestic currencies to buy the US dollar.
Foreign exchange is the term used to describe transactions involving buying and selling of currencies.
As foreigners buy US goods and services, they will cause the demand for the US dollar to rise. In the foreign exchange market, currencies are the commodities. If the US dollar is ordered more, its demand will increase. Like other goods, an increase in demand will lead to an increase in price. If foreigners demand more of US goods and services, the US dollar will appreciate in value.
Answer:
Is eating out.
Explanation:
Because over time the money you spend starts to accumulate and gets bigger thus affecting your savings.