Bundling Meaning: Definition, Examples, and Translations
๐ฆ
bundling
[หbสndlษชล ]
Definitions
data security
The act of combining multiple services or products into a single package to offer to customers. This can include software bundling, where multiple software programs are offered together as a package.
Synonyms
Which Synonym Should You Choose?
Word | Description / Examples |
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bundling |
This term is often used in business and services, especially related to selling products or services together as a combined offering. It's also used in a casual context when speaking about wrapping items together.
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package |
This term is used for wrapping or containing items for sale, storage, or transport. It's often connected with products and marketing, emphasizing how items are presented.
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bundle |
This word can refer to a collection of items that are tightly packed together. It's commonly used in everyday language to describe a group of things tied or wrapped together.
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combine |
Use this word when talking about merging or mixing different elements or components into a single unit or group. Itโs often seen in both everyday language and technical contexts.
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Examples of usage
- Bundling antivirus software with a firewall program can provide comprehensive data security.
- Many telecommunications companies offer bundling services that include internet, phone, and television services.
economics
A marketing strategy where multiple products or services are combined and sold as a single unit at a discounted price. This can help increase sales and customer loyalty.
Synonyms
bulk discount, combo deal, package deal.
Which Synonym Should You Choose?
Word | Description / Examples |
---|---|
bundling |
When multiple products or services are sold together as a single combined unit, often used in marketing to encourage the purchase of additional items.
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package deal |
Refers to a combined offer where multiple services or goods are presented together, commonly used in travel, hospitality, and real estate sectors to provide comprehensive solutions for customers.
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combo deal |
Often seen in food services, retail, and entertainment, where a set of different items is sold together at a special price, typically used to attract customers looking for cost-effective options.
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bulk discount |
Used when a reduced price is offered to customers who purchase large quantities of a single product, ideal for businesses or individuals looking to save money by buying more.
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Examples of usage
- The company increased revenue by offering bundling discounts on their products.
- Bundling cable and internet services together can attract more customers.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Marketing
- Companies often bundle products to increase sales, encouraging customers to buy more items at a lower price.
- The technique can enhance customer perceived value, making shoppers feel they are getting more for their money.
- Digital bundling often includes software or subscriptions sold together, like streaming services that offer multiple channels.
Technology
- In the software world, bundling can refer to installing multiple applications within a single package to ease installation.
- App bundles allow developers to package their apps in a way that makes it easier for users to download and install them.
- Cloud services often bundle storage solutions with software tools, streamlining user experience and saving costs.
Economics
- Bundling strategies can lead to price discrimination, where products are sold together at different prices depending on consumer willingness to pay.
- Some theories in economics suggest bundling can maximize profits in markets with consumer heterogeneity.
- It helps companies manage inventory by selling slower-moving items alongside popular ones, ensuring higher sales overall.
Psychology
- Bundling can exploit cognitive biases; customers may perceive a bundled product as a better deal because they feel theyโre getting a bargain.
- The 'decoy effect' in bundling can influence buyers' choices, making one option seem more attractive compared to others.
- Knowing that they are saving money by bundling items can increase consumer satisfaction and lead to brand loyalty.
Origin of 'bundling'
Main points about word origin
- The word comes from the Middle English 'bundlen', meaning to tie or wrap together.
- The concept of bundling dates back to the 15th century, referring primarily to physical bundles of goods.
- In modern usage, it has expanded to include services, making it a term used in various business contexts.
The term 'bundling' has its origins in the 17th century when it was used to describe the practice of tying together multiple items into a bundle for easier transportation. Over time, the concept evolved into a marketing strategy where products or services are combined to create value for customers. Today, bundling is a common practice in various industries such as telecommunications, software, and retail.
Word Frequency Rank
At rank #26,886, this word represents specialized academic or technical vocabulary. It's less frequently encountered but may be valuable in specific contexts.
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