LLD - Design — Online Shopping Cart
What is the primary purpose of implementing discounts and coupons in a pricing strategy?
What is the primary purpose of implementing discounts and coupons in a pricing strategy?
easy📝 Conceptual Q11 of 15
Step-by-Step Solution
Solution:
Step 1: Understand the role of discounts and coupons
Discounts and coupons are marketing tools used to lower prices temporarily.Step 2: Identify the business goal
Lower prices attract more customers, which can increase sales volume and customer loyalty.Final Answer:
To attract more customers and increase sales volume -> Option DQuick Check:
Discounts and coupons = attract customers [OK]
Quick Trick: Discounts attract customers by lowering prices [OK]
Common Mistakes:
- Thinking discounts increase prices
- Confusing discounts with product quality
- Assuming coupons slow checkout
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