price reduction
Học thuậtThân thiện
Definition
- Noun:
- A decrease in the selling price of goods: "price reduction" refers specifically to the action or instance of lowering the cost at which merchandise is offered for sale.
Usage
- "Price reduction" is used as a countable noun, typically in commercial, retail, and economic contexts. It describes a deliberate commercial action.
- It often follows verbs like "offer," "announce," "implement," or "receive."
- Example structure:
Examples
- Noun:
- The store announced a significant price reduction on all winter clothing.
- To clear old inventory, the manager authorized a 20% price reduction.
- Consumers are always pleased to see a price reduction on essential goods.
Advanced Usage
- "across-the-board price reduction": a price cut applied to all items in a category or store.
- The electronics chain implemented an across-the-board price reduction for the holiday weekend.
- "temporary price reduction": a price cut that is effective only for a limited period.
- The temporary price reduction on fuel ended last Monday.
Variants and Related Words
- Discount (n): A deduction from the usual cost. While similar, a "discount" can be a specific amount or percentage off, whereas a "price reduction" is the general act or result of lowering the price.
- Markdown (n): A reduction in price, especially in retail contexts. This is a close synonym.
- Price cut (n): A common informal phrase with the same meaning as "price reduction."
- Sale (n): An event during which goods are sold at reduced prices. A "sale" involves "price reductions."
Synonyms
- Markdown
- Price cut
- Decrease in price
Antonyms
- Price increase
- Markup (an increase in the selling price)
Related Phrases
- To reduce the price: The verbal phrase describing the action.
- The company decided to reduce the price of its flagship product.
- Reduced price: The resulting state of the merchandise.
- She bought the laptop at a reduced price.
Noun
- the act of reducing the selling price of merchandise