KNOCKS DOWN PRICE Meaning and
Definition
-
"Knocks Down Price" is a term commonly used in business and commerce to refer to a reduction in the selling price of a product or service. It implies a marked decrease in the original price to a more affordable or discounted level in order to attract potential customers or stimulate sales. When a seller "knocks down" the price of an item, they are essentially lowering its cost, often because of specific circumstances such as excess inventory, seasonal changes, or promotions.
The notion of "knocks down price" is often associated with a competitive market where businesses aim to outdo their rivals by offering lower prices. This strategy can increase market share, generate higher volumes of sales, or improve customer loyalty. By reducing prices, sellers hope to entice consumers to make purchases they might not have been willing to make at the initial, higher price.
Knocks down pricing can be temporary or permanent, with varying degrees of discount. This pricing approach is advantageous for consumers who are seeking cost-effective deals as they can acquire products or services at a fraction of their original cost. However, from a seller's perspective, it is crucial to strike a balance between profitability and customer attraction when implementing knocks down pricing strategies.
Overall, "knocks down price" reflects a substantial reduction in the selling price of a product or service, aiming to attract customers and enhance sales in a competitive market environment.
Common Misspellings for KNOCKS DOWN PRICE
- knockdown price
- knoc k down price
- knockes down price
- jnocks down price
- mnocks down price
- lnocks down price
- onocks down price
- inocks down price
- kbocks down price
- kmocks down price
- kjocks down price
- khocks down price
- knicks down price
- knkcks down price
- knlcks down price
- knpcks down price
- kn0cks down price
- kn9cks down price
- knoxks down price
- knovks down price
