What does outprice mean?
The verb outprice refers to the act of surpassing or outdoing something or someone in terms of price. This can be used in various contexts, such as business, economics, and marketing, where companies or products compete with each other. When a product or service outprices its competitors, it means that it is more expensive than them, often making it difficult for them to compete. This term is useful in understanding market dynamics and pricing strategies. Outprice can also imply that something is too expensive for comparison, making it stand out in the market. Overall, outprice is a useful term in understanding the competitive landscape of markets and industries.
verbTo surpass or outdo in price; to make something or someone too expensive for comparison.
- To outdo in price
- To make something too expensive
"The luxury brand outpriced its competitors with the latest designer collection."
"The new smartphone outpriced all other models on the market."
"The company's decision to outprice its rivals led to a significant increase in sales."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.
Etymology of outprice
The verb outprice is derived from the combination of the prefix 'out-' and the noun 'price'. The prefix 'out-' originated from Old English 'ūt', meaning 'outside' or 'beyond', and has been used to form various verbs indicating movement or action beyond a certain point. The noun 'price' comes from Old French 'pris', meaning 'value' or 'worth', which is derived from Latin 'pretium'. The term outprice has evolved to describe the act of surpassing or outdoing something in terms of price.
How outprice is actually used
This verb is often used in the context of business, economics, and marketing.