price reduction — a decrease in the amount of money charged for goods or services
Part of speech: NOUN
Definition: a decrease in the amount of money charged for goods or services
Pronunciation (IPA): /praɪs rɪˈdʌkʃən/
Korean meaning: 상품이나 서비스 가격의 인하, 할인
Korean pronunciation: 프라이스 리**덕**션
Example Sentences
- The CEO's announcement of a price reduction made customers dance in the aisles.
- Due to fierce competition, the company had to implement a price reduction policy.
- The price reduction was so dramatic that people thought it was a typo.
price reduction
NOUN//praɪs rɪˈdʌkʃən//
a decrease in the amount of money charged for goods or services

a cheerful store clerk holds up a jacket while gesturing enthusiastically to a surprised customer. The customer examines the same jacket she was looking at earlier with a delighted expression. The clerk points to where the original higher amount was crossed out on a blank tag, now showing a much lower amount. The customer's face lights up as she realizes she can afford the jacket now. Other shoppers in the background browse through marked-down merchandise with excited expressions. Store employees arrange discounted items on display racks throughout the scene. a decrease in the amount of money charged for goods or services
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Clear instruction boosts production for price reduction!
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🌳Etymology
Origin
price는 라틴어 pretium(값)에서, reduction은 라틴어 reducere(다시 이끌다)에서 유래되어 '가격을 다시 낮은 곳으로 이끌다'는 의미가 되었습니다.
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“The CEO's announcement of a price reduction made customers dance in the aisles.”
“Due to fierce competition, the company had to implement a price reduction policy.”
“The price reduction was so dramatic that people thought it was a typo.”
“Customers are always looking for price reductions during the holiday season.”
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