Definition, Meaning & Synonyms
misprice
verb
/ˌmɪsˈpraɪs/
Definition
To price something incorrectly, often leading to a lower or higher price than intended.
Examples
- They mispriced the tickets, resulting in a lot of unhappy customers.
- During the sale, some items were mispriced, causing confusion among buyers.
- If a product is mispriced, it can attract a larger customer base than expected.
Meaning
Misprice refers to the situation when the price set for an item or service is not accurate, usually due to an error in judgment, calculation, or market conditions.
Synonyms
- misvalue
- overprice
- undervalue
