MARK DOWN Meaning and
Definition
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The term "mark down" is a phrasal verb that is commonly used in retail and business contexts. It refers to the act of reducing the price or value of a product or asset. When a company decides to mark down an item, it means that they are decreasing its original price in order to make it more affordable, attract customers, or clear out stock.
The action of marking down involves assigning a lower value to a product, which is typically indicated by a visible reduction in the price. This reduction can be expressed as a percentage or as a specific monetary amount. Retailers often use marks down strategically to create sales and promotional events, attract new customers, or reduce inventory levels.
Mark downs can occur for various reasons. For instance, companies may mark down products that are reaching their expiration date, are not selling well, or have been damaged or returned by customers. By reducing the price, retailers hope to encourage purchasing and prevent losses incurred by keeping the product at its original price.
In summary, mark down is the act of decreasing the price or value of a product or asset, typically expressed as a percentage or specific monetary amount. The purpose of marking down is to attract customers, create promotions, reduce inventory levels, or manage products that are not selling well.
Common Misspellings for MARK DOWN
- nark down
- kark down
- jark down
- mzrk down
- msrk down
- mwrk down
- mqrk down
- maek down
- madk down
- mafk down
- matk down
- ma5k down
- ma4k down
- marj down
- marm down
- marl down
- maro down
- mari down
- mark sown
Etymology of MARK DOWN
The phrase "mark down" is a compound verb derived from two separate words.
The term "mark" can be traced back to the Old English word "mearcian", which means "to trace out a boundary or make a sign". It has evolved over time to mean "to make a visible indication or record".
The word "down" primarily originated from Middle English and is related to the Old English "dūne", meaning "from a higher to a lower position". In this context, it signifies a decrease or reduction in value or price.
Therefore, when combined, "mark down" refers to the act of making a visible indication or record of reducing the value or price of an item.
Idioms with the word MARK DOWN
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mark down sth
The idiom "mark down something" means to reduce the price or value of something, usually for the purpose of selling it at a lower cost.
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mark down
"Mark down" means to reduce the price of something, usually an item for sale, in order to make it cheaper for customers.
Similar spelling words for MARK DOWN
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