STATED PRICES Meaning and
Definition
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Stated prices refer to the fixed or declared prices at which goods or services are offered or listed for sale. These prices are clearly indicated or mentioned by the seller or retailer to potential customers or buyers.
Stated prices are commonly seen in various commercial transactions, such as retail stores, online shopping platforms, or service providers. They provide transparency and serve as a reference point for both the seller and the buyer. In most cases, stated prices are non-negotiable and are set by the seller based on factors such as production costs, market demand, competition, and desired profit margins.
These prices are typically communicated through labels, tags, signage, advertisements, or displayed prominently on websites. They allow customers to make informed decisions by easily comparing prices and evaluating the value of a product or service.
It's important to note that stated prices may sometimes vary between different regions or countries due to factors like import taxes, exchange rates, or local market conditions. Additionally, businesses may offer discounts or promotions on their stated prices to attract customers or boost sales.
Stated prices play a crucial role in facilitating fair and transparent commerce, ensuring that buyers are aware of the cost of goods and services and allowing them to make informed purchasing decisions.
Common Misspellings for STATED PRICES
- stated priced
- stated price
- stated prise
- atated prices
- ztated prices
- xtated prices
- dtated prices
- etated prices
- wtated prices
- srated prices
- sfated prices
- sgated prices
- syated prices
- s6ated prices
- s5ated prices
- stzted prices
- ststed prices
- stwted prices
- stqted prices
- stared prices
Etymology of STATED PRICES
The etymology of the term "stated prices" can be understood by examining the origins of its constituent words.
1. Stated: The word "stated" is the past participle of the verb "state", which comes from the Latin word "stare" meaning "to stand". The verb "state" initially referred to the act of standing firm or being stationary. Over time, it developed an extended meaning of expressing or declaring something clearly or formally. Hence, "stated" refers to prices that have been clearly expressed or declared.
2. Prices: The word "price" comes from the Old French word "pris", meaning "value" or "worth". This term ultimately traces back to the Latin word "pretium", having a similar meaning. A price represents the value assigned to a particular product or service.
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