The word "catalog price" is spelled with a "c" instead of a "k" because it comes from the Greek word "katalogos" which was adapted into Latin as "catalogus". The IPA phonetic transcription of this word is /ˈkætəlɒɡ ˈpraɪs/. The "c" in "catalog" is pronounced as /k/ while the "log" is pronounced as /lɒɡ/. The "price" part of the word is pronounced as /praɪs/. It refers to the listed price of a product in a printed or digital catalog.
Catalog price is the predetermined or previously established value assigned to a product or service by a company or individual, typically included in a catalog or price list. It represents the suggested or listed retail price at which the product or service is available for purchase. The catalog price is often set by the manufacturer or distributor and is applicable to a range of products or services, allowing buyers to evaluate and compare prices across different sellers and make informed purchasing decisions.
The catalog price serves as a reference point that enables retailers or resellers to determine the markup or discount they will apply to the products they offer. It helps establish a consistent pricing structure, ensuring a level playing field for buyers and sellers within a specific market or industry. While the catalog price is usually a starting point for negotiations, it can also be regarded as the recommended price that customers can expect to pay if they purchase directly from the supplier.
In some cases, the catalog price may include additional information such as product specifications, variations, or bundled offers. This enables consumers to make informed choices by comparing features and prices across different catalog listings. These prices may be subject to change due to market fluctuations, promotional offers, or negotiated agreements with specific customers.
The word "catalog" is derived from the Greek word "katalogos" which means "a register" or "a list". It is a combination of "kata" meaning "down" or "according to" and "legein" meaning "to gather" or "to count".
The word "price" comes from the Old French word "pris" meaning "value" or "worth". It can be traced back to the Latin word "pretium" which also means "price" or "value".
Therefore, the term "catalog price" refers to the listed value or worth of a product or item as mentioned in a catalog or list.