Overpricing: meaning, definitions and examples

💸

Add to dictionary

overpricing

[ ˈoʊvərˌpraɪsɪŋ ]

^{Context #1}

business

The act of setting prices too high for the value of a product or service, often resulting in decreased sales and customer dissatisfaction.

Synonyms

excessive pricing, inflated prices, price gouging

Examples of usage

Overpricing can lead to losing customers to competitors who offer more reasonable prices.
When the company was accused of overpricing their products, their reputation suffered.
Customers are quick to notice when overpricing occurs and are likely to seek alternatives.

^{Context #2}

economics

To set the price of a product or service higher than its perceived value, potentially harming sales and customer loyalty.

Synonyms

charge too much, inflate the price, mark up excessively

Examples of usage

Some businesses overprice their products in an attempt to maximize profits, but this strategy can backfire.
Customers may feel deceived if they discover that a company is intentionally overpricing its offerings.

Translations

Translations of the word "overpricing" in other languages:

🇵🇹 superfaturamento

🇮🇳 अधिक मूल्य निर्धारण

🇩🇪 Überteuerung

🇮🇩 pemahalan

🇺🇦 завищення цін

🇵🇱 przesadzanie z cenami

🇯🇵 過剰価格設定 (かじょうかかくせってい)

🇫🇷 surtarification

🇪🇸 sobreprecio

🇹🇷 aşırı fiyatlandırma

🇰🇷 과잉 가격 책정 (gwahing gagyeok chaekjeong)

🇸🇦 التسعير الزائد

🇨🇿 předražení

🇸🇰 nadhodnocovanie

🇨🇳 定价过高 (dìngjià guò gāo)

🇸🇮 precenjevanje

🇮🇸 ofverðlagning

🇰🇿 бағаны асыра бағалау

🇬🇪 ფასების გადაჭარბება

🇦🇿 qiymətlərin çox artırılması

🇲🇽 sobreprecio

Word origin

The term 'overpricing' originated from the combination of 'over' and 'pricing', indicating the action of setting prices too high. It has been commonly used in the business and economic sectors to describe the negative impact of excessive pricing on consumers and markets. Overpricing can lead to market inefficiencies, consumer dissatisfaction, and loss of competitive advantage. Businesses that engage in overpricing may face legal repercussions and damage to their reputation.