CATALOGUE PRICE Meaning and
Definition
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Catalogue price refers to the designated or listed price of a product or service, usually included in a catalog or price list provided by the manufacturer, supplier, or retailer. This price represents the standard rate or value assigned to an item before any negotiations, discounts, or other adjustments are applied.
The catalogue price typically acts as a reference point for establishing the initial cost of a product, allowing buyers and sellers to have a common starting point for price discussions. It serves as a benchmark that lays out the recommended or suggested retail value that customers can expect to pay when purchasing the item.
While the catalogue price primarily serves as a guideline, it is often subject to modification based on various factors such as market demand, competition, bulk purchases, or promotional discounts. Customers can use the catalogue price as a basis for comparison when evaluating the worth or affordability of a product across different vendors or brands.
Moreover, businesses may use the catalogue price as a reference for determining the profit margin associated with a product. By considering the difference between the catalogue price and the actual price at which the product is sold, companies can assess their revenue potential and assess the effectiveness of their pricing strategies.
In summary, the catalogue price is the predetermined value assigned to a product or service before any additional considerations, modifications, or discounts are applied. It acts as a starting point for price negotiations and serves as a basis for assessing the worth or profitability of a product.
Common Misspellings for CATALOGUE PRICE
- xatalogue price
- vatalogue price
- fatalogue price
- datalogue price
- cztalogue price
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Etymology of CATALOGUE PRICE
The word "catalogue price" originates from the combination of the terms "catalogue" and "price".
The term "catalogue" dates back to the 15th century, derived from the Late Latin word "catalogus" and the Greek word "katalogos", meaning "a list, a register, or a roll". It referred to a document or publication that listed and described various items or products available for purchase, often accompanied by illustrations or images.
The word "price" has a similar origin, originating from the Late Latin word "pretium" and the Latin word "pretiare", meaning "to value" or "to esteem". It refers to the amount or value assigned to a product or service, indicating its cost or worth.
When combined, "catalogue price" refers to the listed or advertised price of an item as mentioned in a catalog.
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