Definition, Meaning & Synonyms
price-cut
noun
/praɪs kʌt/
Definition
A reduction in the selling price of a product or service.
Examples
- The store announced a price-cut on winter coats to boost sales.
- After the price-cut, many more customers began to shop at the electronics store.
- The price-cut helped clear out old inventory quickly.
Meaning
Price-cut refers to the act of lowering the price for a specific product or service, usually to attract more customers or to compete with other sellers.
Synonyms
- discount
- mark-down
- price reduction
