Which type of discount is applicable for limited-time promotions?

Which type of discount is applicable for limited-time promotions?

• A. Bulk purchase discount
• B. Percentage discount
• C. Limited time special pricing
• D. Clearance pricing

Answer: (C)

Limited time special pricing is specifically designed for promotions that are available for a restricted period. This type of discount incentivizes customers to make a purchase within a specific timeframe, making it an effective strategy for driving sales and clearing inventory quickly. By creating urgency, limited time promotions can significantly boost customer engagement and sales volume within a designated period. On the other hand, bulk purchase discounts typically reward customers for buying larger quantities of a product and are not inherently time-sensitive. Percentage discounts can apply to various types of pricing strategies but do not necessarily imply a limited promotion. Clearance pricing is aimed at selling off remaining stock at reduced prices, usually for seasonal or discontinued items, rather than being tied to a temporary promotional event. Thus, limited time special pricing is the most fitting option for this scenario.

Limited time special pricing is specifically designed for promotions that are available for a restricted period. This type of discount incentivizes customers to make a purchase within a specific timeframe, making it an effective strategy for driving sales and clearing inventory quickly. By creating urgency, limited time promotions can significantly boost customer engagement and sales volume within a designated period.

On the other hand, bulk purchase discounts typically reward customers for buying larger quantities of a product and are not inherently time-sensitive. Percentage discounts can apply to various types of pricing strategies but do not necessarily imply a limited promotion. Clearance pricing is aimed at selling off remaining stock at reduced prices, usually for seasonal or discontinued items, rather than being tied to a temporary promotional event. Thus, limited time special pricing is the most fitting option for this scenario.