Bulk pricing is a pricing strategy where customers receive discounts when they purchase large quantities of a product. This approach benefits both buyers and sellers; customers save money, while sellers can increase sales volume and reduce inventory. Typically, bulk pricing is used in industries like wholesale, retail, and manufacturing. For example, a grocery store might offer a lower price per item when customers buy a dozen cans of soup instead of just one. This encourages larger purchases and helps businesses move products more efficiently.