Reprice: meaning, definitions and examples
💵
reprice
[ ˌriːˈpraɪs ]
business strategy
To reprice is to change the price of a product or service, often in response to market conditions or competitive factors. It can involve increasing or decreasing the price to better align with consumer demand or cost structures.
Synonyms
Examples of usage
- The company decided to reprice their products after a market analysis.
- We need to reprice our services to stay competitive.
- The retailer will reprice items during the holiday sales.
- After the supplier raised costs, it became necessary to reprice our offerings.
Translations
Translations of the word "reprice" in other languages:
🇵🇹 repreço
🇮🇳 दाम फिर से निर्धारित करना
🇩🇪 neu bepreisen
🇮🇩 mengatur ulang harga
🇺🇦 перепризначити
🇵🇱 przypisać na nowo
🇯🇵 再価格設定する
🇫🇷 re-prix
🇪🇸 reprecio
🇹🇷 fiyatı yeniden belirlemek
🇰🇷 가격을 다시 설정하다
🇸🇦 إعادة تسعير
🇨🇿 přeceňovat
🇸🇰 preoceniť
🇨🇳 重新定价
🇸🇮 ponovno določiti ceno
🇮🇸 endurnýta verð
🇰🇿 құнын қайта белгілеу
🇬🇪 განახლება ფასის
🇦🇿 yenidən qiymətləndirmək
🇲🇽 reprecio
Etymology
The term 'reprice' is derived from the prefix 're-' meaning 'again' and the word 'price.' The concept of changing prices has existed throughout history, particularly in commerce and trade. The origins of the word can be traced back to Middle English where 'price' (from Old French 'pris') refers to the cost or value of something. As businesses evolved, the need to adjust prices in response to various factors such as supply and demand, market competition, and inflation led to the introduction of the term 'reprice.' This term has become increasingly relevant in modern business environments, especially with the advent of dynamic pricing strategies in e-commerce.