Repriced: meaning, definitions and examples
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repriced
[ rɪˈpraɪst ]
business context
Repriced refers to the action of changing the price of a product or service. This can occur due to various reasons, including market fluctuations, changes in demand or supply, or adjustments for competitive pricing. Companies may reprice their offerings to enhance profitability or to attract consumers. It is a common practice in retail and financial markets to stay competitive.
Synonyms
adjusted, altered, marked down
Examples of usage
- The company repriced its products to match the competition.
- After evaluating market trends, they decided to reprice their services.
- The discount season prompted many retailers to repriced their inventories.
Translations
Translations of the word "repriced" in other languages:
🇵🇹 reprecificado
🇮🇳 पुनः मूल्यांकन किया गया
🇩🇪 neu bepreist
🇮🇩 diharga ulang
🇺🇦 перепризначено
🇵🇱 przepricingowany
🇯🇵 再価格設定された
🇫🇷 revalorisé
🇪🇸 revalorizado
🇹🇷 yeniden fiyatlandırılmış
🇰🇷 재가격 책정된
🇸🇦 إعادة تسعير
🇨🇿 přeceňováno
🇸🇰 prehodnotený
🇨🇳 重新定价
🇸🇮 ponovno ocenjen
🇮🇸 endursko verðlagður
🇰🇿 қайта бағаланған
🇬🇪 გადაფასებული
🇦🇿 yenidən qiymətləndirilmiş
🇲🇽 revalorizado
Etymology
The term 'repriced' is derived from the prefix 're-' meaning 'again' and 'price,' which originates from the Latin word 'pretium,' indicating value or worth. The concept of pricing has evolved through commerce and trade, where setting a price is essential for transactions. In modern economics, repricing has become crucial for businesses to remain viable and responsive to market conditions. The practice of repricing can be traced back several centuries, as merchants and traders always needed to adjust their prices based on supply and demand fluctuations, competitor pricing strategies, and changes in consumer preferences. With the advent of digital commerce, repricing has become more dynamic, leveraging algorithms and real-time data to adjust prices frequently.