How Do You Spell PRICE MARK?

Pronunciation: [pɹˈa͡ɪs mˈɑːk] (IPA)

The correct spelling of the term "price mark" is /praɪs mɑːk/. It refers to the label that displays the cost of a product in a store. The word "price" is spelled with the digraph "pr" that makes the /praɪ/ sound, and the "ce" at the end is pronounced as /s/. "Mark" is spelled phonetically with the /m/ and /ɑː/ sounds. Spelling this word correctly is crucial for businesses to avoid any confusion and ensure consumers know the exact cost of a product.

PRICE MARK Meaning and Definition

1. Price mark refers to the specific amount or value assigned to a product or service, usually indicated by a visible tag or label. It represents the cost that a seller has set for an item, serving as a guide for potential buyers during a commercial transaction. The price mark is an important element in the field of retail as it facilitates clear communication between the seller and the customer, enabling them to easily determine the actual cost of an item.

   The price mark typically takes the form of a numerical value accompanied by a currency symbol, or sometimes a combination thereof. It may include additional information such as discounts, promotions, or sale prices, providing customers with relevant details to make an informed decision regarding their purchase.

   Price marks are commonly found in brick-and-mortar stores, where physical tags or stickers are affixed to merchandise. However, in the digital age, online retailers often display price marks on their websites, with the option to dynamically update them based on changes in prices or special offers.

   Determining a suitable price mark requires considering various factors, such as production costs, desired profit margins, market demand, and competitive pricing. Businesses employ pricing strategies to establish price marks that maximize sales while ensuring profitability. Effective price marking enhances transparency within the market, allowing customers to compare prices across different sellers and make purchasing choices based on value and affordability.

Common Misspellings for PRICE MARK

• pricemark

Etymology of PRICE MARK

The term "price mark" does not have a specific etymology because it is a combination of two separate words: "price" and "mark". Each word has its own etymology:

1. Price: The word "price" originated from the Old French word "pris" meaning "value" or "worth". It can be traced back to the Latin word "pretium" which also means "price" or "value".

2. Mark: The word "mark" can be traced back to the Old English word "mearc" meaning "boundary" or "sign". It has origins in various Germanic languages, including Old High German "marha" and Old Norse "mark".

When these two words are combined, "price mark" simply refers to a symbol or indication of the value attached to a product or service.