Undercharge: meaning, definitions and examples
💵
undercharge
[ ˌʌndərˈtʃɑːrdʒ ]
pricing error
To undercharge means to charge someone less than what is fair or expected for a service or product. This often occurs in business transactions where the seller does not accurately assess the value of the goods or services provided. Undercharging can lead to financial losses for businesses, as they may not cover their costs. In some cases, it can also affect customer perception and the perceived value of the product. It's important for businesses to ensure their pricing strategies reflect the true worth of their offerings.
Synonyms
discount, underprice, undervalue.
Examples of usage
- The contractor tended to undercharge for his services.
- I realized I undercharged her for the repairs.
- Many small businesses undercharge to attract new customers.
Translations
Translations of the word "undercharge" in other languages:
🇵🇹 subfaturar
🇮🇳 कम चार्ज करना
🇩🇪 unterladen
🇮🇩 memungut biaya terlalu rendah
🇺🇦 недоотримувати плату
🇵🇱 niedopłata
🇯🇵 過小請求する
🇫🇷 sous-facturer
🇪🇸 subcobrar
🇹🇷 az ücretlendirmek
🇰🇷 저렴하게 청구하다
🇸🇦 تحصيل مبلغ أقل
🇨🇿 podcenit
🇸🇰 podceňovať
🇨🇳 少收费用
🇸🇮 podceniti
🇮🇸 ofmeta
🇰🇿 аз бағалау
🇬🇪 დაფინანსება ნაკლებად
🇦🇿 az qiymət vermək
🇲🇽 subcobrar
Etymology
The word 'undercharge' is formed by the prefix 'under-', which means 'below' or 'less than', and the root word 'charge', which comes from the Old French 'charger', meaning 'to load, burden, or accuse'. The term began to emerge in English usage in the early 20th century, with its meaning evolving to describe situations where a person or entity assesses a price that is lower than what is warranted. The concept of undercharging is particularly significant in commercial contexts, where pricing strategies directly impact profitability. As businesses compete in various markets, understanding the dynamics of pricing, including the implications of undercharging, has become essential for maintaining a sustainable operation.