PRICE BE RIGHT Meaning and
Definition
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"Price Be Right" is a term commonly used to describe a game show format where contestants are presented with various merchandise or services, and they must guess the correct retail price of these items to win a prize. Derived from the popular television show, "The Price Is Right," this phrase refers to the objective of accurately determining or estimating the fair market value or cost of a particular product or service.
In the context of the game show, contestants typically bid on items, and the individual who guesses closest to the actual price without going over wins the prize. The concept of "Price Be Right" revolves around the notion of correctly evaluating the value of something, showcasing the contestants' skill in assessing the market price accurately.
Beyond the game show, "Price Be Right" can also be used in everyday situations to denote a person's ability to estimate the appropriate cost of an item, negotiate a fair deal, or determine a competitive price. It highlights the significance of pricing decisions in various transactions, highlighting the importance of striking a balance between affordability and value.
In summary, "Price Be Right" encapsulates the concept of accurately assessing the worth of a product or service, often referencing the game show format of guessing the correct retail price. It implies a skill or aptitude for determining fair market value, both within the game show context and in broader settings of pricing and negotiation.
