Price Reduction (Noun)
Meaning
The act of reducing the selling price of merchandise.
Classification
Nouns denoting acts or actions.
Examples
- The company announced a price reduction on all winter clothing to clear out inventory before the new season.
- The store offered a price reduction of 20% on all electronic items during the holiday weekend.
- The price reduction was applied to all customers who purchased the product within the promotional period.
- After the competitor lowered their price, we had to implement a price reduction to remain competitive.
- The retailer offered a price reduction to loyal customers as a way to reward their repeat business.