How Do You Spell OUTPRICE?

1. Outprice is a verb that refers to the act of setting a price for a product or service that is lower than the price set by competitors, with the intention of gaining a competitive advantage in the market. This term is commonly used in the business and marketing field.

   When a company outprices its competitors, it offers its products or services at a lower cost, thereby attracting customers who are price-sensitive or seeking cost-effective options. This strategy aims to capture a larger market share by offering better value for money. By underpricing the competition, the company may force its rivals to either reduce their prices as well, potentially leading to a price war, or risk losing customers to the lower-priced competitor.

   Outpricing may also have a negative connotation, as it can lead to lower profit margins for the company implementing the strategy. Additionally, if the low pricing is unsustainable or not supported by cost efficiencies, it can lead to financial difficulties or even bankruptcy.

   Overall, outpricing is a business strategy aimed at gaining a competitive edge by providing products or services at a lower cost compared to the competition. However, it is important for companies to carefully consider the long-term implications and strategic viability of such a pricing strategy.

The word "outprice" is derived from two components: "out" and "price".

The prefix "out-" comes from Old English "ūt", which means "outside" or "beyond". It is often used to indicate surpassing, exceeding, or going beyond something.

The word "price" comes from Old French "pris" and Latin "pretium", both meaning "value", "reward", or "price". The concept of price can refer to the amount of money required to purchase something or the value assigned to a good or service.

In combination, the term "outprice" means to set a price that is higher or exceeds the price of someone or something else. It implies offering a higher cost or value to surpass competitors or gain an advantage in a business transaction.

Conjugate verb Outprice