Price Cutting (Noun)
Meaning
Cutting the price of merchandise to one lower than the usual or advertised price.
Classification
Nouns denoting acts or actions.
Examples
- The store used price cutting to clear out old inventory to make room for new shipments.
- The company implemented price cutting to stay competitive in a saturated market.
- To attract more customers, the restaurant resorted to price cutting on their menu items.
- Price cutting on holiday weekends became a staple of the department store's sales strategy.
- The airline was forced to engage in price cutting to maintain market share amidst rising competition.