What is a trade discount and how does it work?
A trade discount is a reduction in the retail price of goods or services offered to professionals in a specific industry, such as interior design. For example, 54kibo's design trade program offers a trade discount that is a reduction in the retail price of our home goods offered to trade professionals in the interior design industry, such as interior designers. It works by offering a discounted price to those who work in the trade, who can then purchase goods and services for their clients at a lower price. Interior designers include residential and commercial interior designers as well as hospitality, healthcare, corporate and government interior designers.