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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
💡 Concept

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

Clear instruction boosts production for price reduction!
🎵 Rhyme

Clear instruction boosts production for price reduction!

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🎤Pronunciation

🇺🇸 US/praɪs rɪˈdʌkʃən/
🇬🇧 UK/praɪs rɪˈdʌkʃən/

🌳Etymology

Rootprice

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

production
construction
instruction

🔗Collocations

significant price reduction
announce price reduction
price reduction strategy
temporary price reduction
massive price reduction
implement price reduction

📝Examples

😄 Fun example

“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.”

😄 Fun example

“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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