Price cut

/pɹˈaɪs kˈʌt/

Price cut

cutting the price of merchandise to one lower than the usual or advertised price

Examples

1. You do a price cut on this part of the demand curve, you get more revenue.

2. I bought the Nintendo 3DS the day got a price cut a few months after its initial launch.

3. So they decided to announce a price cut for the PlayStation.

4. Nobody wants to get their prices cut, but it's usually for a reason.