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/
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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🎤Pronunciation
🌳Etymology
Origin
Price derives from Latin pretium meaning 'value' or 'cost', while reduction comes from Latin reducere, meaning 'to lead back' or 'to bring down'. Together, price reduction literally conveys the concept of bringing a price back down to a lower level.
Breakdown
price (from Latin pretium: value) + reduction (re- meaning again/back + -ducere meaning to lead/bring, from Latin reducere). The compound literally means 'to bring a price back down'.
🎵Rhyme
🔗Collocations
📝Examples
“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.”
📚Related Words
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