Price Flashcards
low-priced
charge low prices all the time
charge
an amount of money that you have to pay expecially when you visit a place or when someone does something for you
expensive
something that is expensive costs a lot of mony
cheap
not expensive
loss leaders
cheap items which are there to attract the customers
high-priced
charge high prices all the time
list price or recommended retail price
a price for a product suggested by the people who make it
discounting
selling at a discount to the list price
mid-prices
nog cheap and not expensive
undercutting
selling the same products at a lower price than another company
price boom
when prices are rising quickly, to the benefit of sellers
price controls
the government efforts to limit the amount by which prices increase
price cut
a reduction
price hike
an increase
price war
when competing companies reduce prices in response to each other
price tag
a label attached to goods, showing the price
low-end/bottom end
the cheapest
high-end/top end/premium product
the most expensive
entry level
for ex. skis, the cheapest skis are intended for beginners who have never bought skis before
mid-range
the ones between
trade up and move up market
buy more sophisticated products to replace the basic ones
upmarket/downmarket
upscale/downsclae
downmarket
show a disapproval
mass market
goods that sellin large quantities, for ex. family cars
a niche
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
