Bulk discounts are price reductions offered to customers who purchase large quantities of a product or service. This pricing strategy encourages buyers to buy more at once, which can lead to cost savings for both the customer and the seller. Retailers and wholesalers often use bulk discounts to increase sales volume and manage inventory more effectively. These discounts can vary based on the quantity purchased, with larger orders typically receiving a greater percentage off the regular price. Businesses like grocery stores, office supply companies, and manufacturers frequently implement bulk discounts to attract customers and promote larger purchases.