KNOCKED DOWN PRICE Meaning and
Definition
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The phrase "knocked down price" refers to a reduced or discounted price for a product or service. It indicates that the original price of the item has been significantly lowered, often as part of a promotional or sales strategy.
When an item is sold at a knocked down price, it means that the seller is offering a pricing advantage to potential buyers. This reduction in price can result from various reasons, such as end-of-season sales, stock clearance, promotional offers, or simply trying to boost sales volume. By lowering the price, sellers aim to attract customers who may be more willing to make a purchase when they perceive a bargain or an opportunity to save money.
This term is commonly used in the retail industry to describe special offers or discount events. It can also be seen in advertisements, marketing campaigns, or price tags to highlight the lowered cost. Additionally, the phrase can be used figuratively to describe any situation where something is available at a considerably cheaper rate or value compared to its original price.
Overall, the term "knocked down price" represents a reduced price that deviates from the regular or original cost of a product or service, designed to capture customers' attention and induce purchases. It signifies a pricing strategy that aims to benefit both the buyer, who gets the item at a lower cost, and the seller, who may generate increased sales through discounted pricing.
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