Pronunciation: [ˌʌndə pɹˈa͡ɪs] (IPA) 
The correct spelling for "under price" is /ʌndər praɪs/. "Under" is spelled with the letter "u" followed by the consonant "n" and the vowel "d" pronounced as /ʌndər/. "Price" is spelled with the consonant "p" followed by the long vowel "a" pronounced as /praɪs/. When using this word, always remember to check if it is spelled as one word or two words, as it can change the meaning of the sentence.
Under price, verb phrase:
1. To set a price for a product or service lower than its perceived or market value, resulting in a selling price that is less than what is typically expected or competitive. This strategy is often employed by businesses to attract customers, gain a competitive advantage, or expedite the sale of a particular item.
2. To deliberately undervalue or underestimate the worth or cost of a product, asset, or investment. Under pricing can occur as a result of miscalculations, lack of market knowledge, or as a deliberate manipulation tactic.
3. To offer or accept a bid or proposal at an unexpectedly low price during a negotiation or auction, often to achieve a quick sale or secure a favorable deal. This approach is commonly adopted by buyers to secure products or services at a lower cost, or by sellers to expedite the sale by enticing potential buyers with a bargain.
Under pricing, noun:
The act or practice of setting a price lower than the typical value or market rate for a product or service. Under pricing is commonly employed as a marketing strategy to attract customers or gain an edge over competitors. It can also refer to the undervaluation of an item or asset, as well as a negotiation tactic to secure a favorable deal by offering a lower bid or proposal.
The word "underprice" is a compound word derived from the combination of "under" and "price". "Under" originally comes from the Old English word "under", which means "beneath" or "below". "Price" comes from the Old French word "pris", which means "value" or "worth". Therefore, "under price" means to set a value or cost that is below the standard or expected level.
