Discount Business (Noun)
Meaning
The business of selling merchandise at a discount.
Classification
Nouns denoting acts or actions.
Examples
- Big-box stores thrive in the discount business by offering a wide variety of products at greatly reduced prices.
- The new local outlet aims to expand its presence in the discount business by undercutting its competitors' prices.
- The discount business has grown significantly since the economic downturn as customers sought ways to save money.
- Online retailers have disrupted the discount business by offering lower prices and a wider selection than their brick-and-mortar counterparts.
- Companies that are successful in the discount business often rely on large sales volumes and efficient supply chains to maintain profitability.