OUTPRICE Meaning and
Definition
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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.
Etymology of OUTPRICE
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
CONDITIONAL
I
would outprice
you
would outprice
he/she/it
would outprice
we
would outprice
they
would outprice
CONDITIONAL CONTINUOUS
I
would be outpricing
you
would be outpricing
he/she/it
would be outpricing
we
would be outpricing
they
would be outpricing
CONDITIONAL PERFECT
I
would have outprice
you
would have outprice
he/she/it
would have outprice
we
would have outprice
they
would have outprice
CONDITIONAL PERFECT CONTINUOUS
I
would have been outpricing
you
would have been outpricing
he/she/it
would have been outpricing
we
would have been outpricing
they
would have been outpricing
FUTURE
I
will outprice
you
will outprice
he/she/it
will outprice
we
will outprice
they
will outprice
FUTURE CONTINUOUS
I
will be outpricing
you
will be outpricing
he/she/it
will be outpricing
we
will be outpricing
they
will be outpricing
FUTURE PERFECT
I
will have outpriced
you
will have outpriced
he/she/it
will have outpriced
we
will have outpriced
they
will have outpriced
FUTURE PERFECT CONTINUOUS
I
will have been outpricing
you
will have been outpricing
he/she/it
will have been outpricing
we
will have been outpricing
they
will have been outpricing
IMPERATIVE
you
outprice
we
let´s outprice
to outprice
PAST
I
outpriced
you
outpriced
he/she/it
outpriced
we
outpriced
they
outpriced
PAST CONTINUOUS
I
was outpricing
you
were outpricing
he/she/it
was outpricing
we
were outpricing
they
were outpricing
PAST PARTICIPLE
outpriced
PAST PERFECT
I
had outpriced
you
had outpriced
he/she/it
had outpriced
we
had outpriced
they
had outpriced
PAST PERFECT CONTINUOUS
I
had been outpricing
you
had been outpricing
he/she/it
had been outpricing
we
had been outpricing
they
had been outpricing
PRESENT
I
outprice
you
outprice
he/she/it
outprices
we
outprice
they
outprice
PRESENT CONTINUOUS
I
am outpricing
you
are outpricing
he/she/it
is outpricing
we
are outpricing
they
are outpricing
PRESENT PARTICIPLE
outpricing
PRESENT PERFECT
I
have outpriced
you
have outpriced
he/she/it
has outpriced
we
have outpriced
they
have outpriced
PRESENT PERFECT CONTINUOUS
I
have been outpricing
you
have been outpricing
he/she/it
has been outpricing
we
have been outpricing
they
have been outpricing
