Do You Recommend Discounting?
Discounting can have a big impact on a businesses margin and profit. So before discounting, businesses should consider the effect on margin that the discount will have.
It can often be a strategy for a business like those in retail to get rid of old stock because they want to turn the stock into cash. Business don’t want stock sitting on shelves, they want to sell it quickly to get cash back into the bank account.
Find out in our video about the impacts of discounting to your businesses margin.