Definition

Noun: A reduction in the selling price of a product or service, making it lower than the standard or previously advertised price. It is a commercial action intended to stimulate sales, clear inventory, or respond to competition.

Usage

A "price cut" is used as a countable noun. It describes the event or action of lowering a price. * The store announced a significant price cut on all electronics this weekend. * To attract new customers, the company implemented a series of price cuts. * The price cut on the new model made it much more affordable.

Examples

• The supermarket's on fresh produce led to a rush of shoppers.
• Analysts predicted the would boost the car manufacturer's quarterly sales.
• Despite the , the product did not sell as well as expected.

Advanced Usage

• "to implement/enact a price cut": To formally put a price reduction into effect.
  • The board voted to implement a price cut across all regions.
• "across-the-board price cut": A price reduction applied to all items in a category or range.
  • The retailer announced an across-the-board price cut for its winter clothing line.

Variants and Related Words

• Price reduction (n): A direct synonym for "price cut."
• Discount (n): A deduction from the usual cost of something. While similar, a discount is often presented as a percentage or specific amount off, whereas a "price cut" refers to the new, lower price point itself.
• Markdown (n): A reduction in price, especially in retail contexts.
• Sale (n): An event during which goods are sold at reduced prices. A sale typically involves multiple price cuts.

Synonyms

• Reduction
• Decrease
• Slash (informal, e.g., )

Antonyms

• Price increase
• Price hike
• Surcharge

Related Phrases

• To cut prices (verb phrase): The action of reducing prices.
  • The competing store forced them to cut prices.
• Price-cutting (adj/n): Used to describe the activity or strategy of reducing prices.
  • The market is engaged in fierce price-cutting competition.

Noun

1. cutting the price of merchandise to one lower than the usual or advertised price