Reduced-price

The term 'reduced-price' refers to an item or service that is offered at a lower cost than its original price. This pricing strategy is often employed in sales promotions, clearance events, or to stimulate demand for a product that is not selling well. The reduction in price serves as an incentive for consumers to purchase while also allowing sellers to clear out inventory or attract new customers.

Reduced-price meaning with examples

• During the Black Friday sale, many electronics were Reduced-price, enticing shoppers to upgrade their gadgets. The markdowns were significant, allowing consumers to save substantial amounts on popular items like televisions and laptops, which typically come with higher price tags throughout the year. Retailers strategically select peak shopping periods to implement Reduced-price strategies, relying on consumer psychology and the urgency to buy at a lower cost.
• At the end of the season, clothing retailers often mark down their merchandise to Reduced-price levels, clearing space for new arrivals. Shoppers eagerly await these sales, hoping to snag designer items at a fraction of the cost. These Reduced-price offerings can create a sense of urgency, prompting customers to make purchases they might otherwise have postponed. It’s a win-win situation for both parties: shoppers get bargains, and stores remain competitive in a crowded market.
• The local grocery store advertised a Reduced-price for all organic produce last weekend, leading to an influx of health-conscious customers. The initiative aimed to boost sales while promoting the consumption of healthier food options. Customers were delighted to find their favorite organic fruits and vegetables at discounted rates, making it an ideal time to stock up without breaking the bank. This strategy exemplifies how Reduced-price practices can drive revenue and encourage healthier eating.
• Online retailers often use Reduced-price strategies to minimize abandoned shopping carts. By offering limited-time discounts or flash sales, they capture the attention of potential buyers who might hesitate at full price. These strategies play on the fear of missing out, prompting quicker purchasing decisions, and leading to increased overall sales. Such tactics have become common, especially in e-commerce, where consumers are constantly seeking the best deals.
• In real estate, properties that have been on the market for an extended period may find themselves listed at a Reduced-price to attract potential buyers. Sellers often consult with agents to determine an appropriate discount that reflects market conditions and competition. The strategic reduction in asking price can rekindle interest, resulting in faster sales and potentially benefiting both sellers and buyers by generating a more dynamic market.