CUT PRICE Meaning and
Definition
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Cut price refers to a pricing strategy or a sale in which the price of a product or service is significantly reduced from its original or typical selling price. It is a term commonly used in the retail industry and is synonymous with discounted, reduced, or bargain price. The purpose of cut pricing is to attract customers and stimulate sales by offering them the opportunity to purchase goods or services at a lower cost than usual.
This pricing method is typically employed to clear excess inventory, promote a new product or service, or create demand during low-sales periods. Cut price can also be a result of cost-cutting measures undertaken by a business to compete with rivals or increase market share.
In retail, cut price might be visibly communicated through store signage, advertisements, or online promotions, highlighting the discount percentage or the absolute reduced price. By presenting a lower price point, businesses aim to entice customers who are price-sensitive or seeking bargains and convince them to make a purchase.
Although cut price can attract customers and increase sales volume in the short term, businesses must carefully analyze the potential impact on profitability and brand value. If overused, constant cut pricing can create an expectation of lower prices among customers, leading to a decreased willingness to pay regular prices and potentially eroding profitability in the long run.
Common Misspellings for CUT PRICE
- xut price
- vut price
- fut price
- dut price
- cyt price
- cht price
- cjt price
- cit price
- c8t price
- c7t price
- cur price
- cuf price
- cug price
- cuy price
- cu6 price
- cu5 price
- cut orice
- cut lrice
- cut -rice
- cut 0rice
Etymology of CUT PRICE
The phrase "cut price" originated in the late 19th century and comes from two separate words, "cut" and "price", both of which have their own etymology.
1. Cut: The word "cut" has Old English origins, derived from the Old Norse word "kutta", meaning "to cut". It eventually evolved to have various meanings related to slicing or reducing, including "to divide", "to shorten", or "to reduce". In the context of "cut price", it refers to reducing the initial or standard price.
2. Price: The word "price" has Middle English origins, derived from the Old French word "pris" meaning "value" or "worth". It also can be traced back to the Late Latin word "pretium", meaning "price" or "reward".
Similar spelling words for CUT PRICE
- more cut-price,
- cut-price shop,
- price cut,
- Katie Price,
- kyoto prize,
- cut of pork,
- most cut-price,
- BUYER'S GUIDE,
- good press,
- praise god,
- price quote,
- cod price,
- cut-price trading,
- sluice-gate price,
- farm-gate price,
- good price,
- boris kod,
- guide price,
- PRS CAT,
- cut-price,
- press kit,
- prissy cat.
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