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Examples of these functions are warehousing and shelf stocking. Trade discounts are often combined to include a series of functions, for example 20/12/5 could indicate a 20% discount for warehousing the product, an additional 12% discount for shipping the product, and an additional 5% discount for keeping the shelves stocked.
India also depends crucially on Russia for its defence equipment and parts. Additionally, Indian Oil Corp. had reportedly reached a deal to buy 3 million barrels of oil from Russia's Rosneft at a 20% discount to global prices. [84] [85]
On 2 July 1946, the Norwegian Ministry of Transport and Communications, several large shipping companies and other private investors reestablished Det Norske Luftfartselskap (DNL), with the state owning 20% and the shipping companies 49%. This airline was granted a 20-year monopoly on domestic and international flights.
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2016 has been the world's largest economy when measured by purchasing power parity (PPP).
Canals' shipping costs were between two and three cents per ton-mile, compared to 17–20 cents by wagon. [7] The cost of constructing a typical canal was between $20,000 and $30,000 per mile. [9]: 53 Only 100 miles of canals had been built in the U.S. by 1816, and only a few were longer than two miles.
The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
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