Noun
the act of reducing the selling price of merchandise
Source: WordNetFor example, an oligopoly considering a price reduction may wish to estimate the likelihood that competing firms would also lower their prices and possibly trigger a ruinous price war. Source: Internet
The Government’s primary apprehension that an exemption would add to the cost of manufacturing and not lead to substantial price reduction, while at the same time incentivising imports over domestic manufacturing appears to be correct. Source: Internet
The price reduction and release of Namco 's Soul Calibur helped Sega to gain 17 percent on its shares. Source: Internet
The oil price reduction is largely the result of Saudi action but even they are struggling to balance their books. Source: Internet
The price reduction on Wednesday and Thursday came after the Organization of the Petroleum Exporting Countries (Opec) and Russia agreed to ease crude oil supplies. Source: Internet
"We have convened the operators to talk about Facebook discussion on the price gap of internet at consumer and retailer levels and during the meeting we have questioned them why there is no reflection of price reduction at consumer level," she said. Source: Internet