Definition, Meaning & Synonyms
reduce-the-price
Phrase
/rɪˈdjuːs ðə praɪs/
Definition
To lower the cost of an item or service.
Examples
- They decided to reduce the price of the tickets to attract more attendees.
- Our goal is to reduce the price of our products without compromising quality.
- By reducing the price, the store increased its sales significantly.
Meaning
When you reduce the price, you make something cheaper for customers, encouraging sales or purchases.
Synonyms
- discount
- lower the cost
- mark down
- slash prices
- cut rates
