Price Flashcards

1
Q

low-priced

A

charge low prices all the time

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2
Q

charge

A

an amount of money that you have to pay expecially when you visit a place or when someone does something for you

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3
Q

expensive

A

something that is expensive costs a lot of mony

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4
Q

cheap

A

not expensive

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5
Q

loss leaders

A

cheap items which are there to attract the customers

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6
Q

high-priced

A

charge high prices all the time

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7
Q

list price or recommended retail price

A

a price for a product suggested by the people who make it

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8
Q

discounting

A

selling at a discount to the list price

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9
Q

mid-prices

A

nog cheap and not expensive

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10
Q

undercutting

A

selling the same products at a lower price than another company

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11
Q

price boom

A

when prices are rising quickly, to the benefit of sellers

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12
Q

price controls

A

the government efforts to limit the amount by which prices increase

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13
Q

price cut

A

a reduction

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14
Q

price hike

A

an increase

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15
Q

price war

A

when competing companies reduce prices in response to each other

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16
Q

price tag

A

a label attached to goods, showing the price

17
Q

low-end/bottom end

A

the cheapest

18
Q

high-end/top end/premium product

A

the most expensive

19
Q

entry level

A

for ex. skis, the cheapest skis are intended for beginners who have never bought skis before

20
Q

mid-range

A

the ones between

21
Q

trade up and move up market

A

buy more sophisticated products to replace the basic ones

22
Q

upmarket/downmarket

A

upscale/downsclae

23
Q

downmarket

A

show a disapproval

24
Q

mass market

A

goods that sellin large quantities, for ex. family cars

25
Q

a niche

A

a group of buyers with specifi requirements tat is relatively small but that may be profitable for companies that sel to it. for ex. sport cars