PRICE ROLLBACK Meaning and
Definition
-
Price rollback refers to a deliberate reduction in the cost or selling price of a product or service by a manufacturer, retailer, or service provider. It is a strategic move used to lure customers, increase sales, and gain a competitive edge in the market.
When a company implements a price rollback, it means that they reduce the price of a particular item or a range of products to a level lower than its previous price point. The aim behind this is to attract customers by offering a perceived bargain or discount. Price rollbacks can be implemented for various reasons such as clearing inventory, boosting sales during a slow period, or responding to market competition.
Rollbacks can be temporary or permanent, depending on the company's objectives. Temporary rollbacks are often used as short-term promotional techniques to create demand and increase sales volume. Permanent rollbacks, on the other hand, involve a long-term reduction in price, which may be a result of cost-cutting measures, economies of scale, or improved efficiency in production.
Price rollbacks are commonly employed in various industries, including retail, e-commerce, supermarkets, and online marketplaces. Customers often perceive price rollbacks as a value-added proposition, as they believe they are saving money by purchasing products or services at a lower cost than usual. However, it is important for consumers to carefully evaluate the quality and value of products and services offered during a price rollback to ensure they are still receiving a satisfactory product at the reduced price. Overall, price rollbacks serve as a marketing tool to attract and retain customers by offering products or services at a discounted price.
Common Misspellings for PRICE ROLLBACK
- orice rollback
- lrice rollback
- 0rice rollback
- peice rollback
- pdice rollback
- pfice rollback
- ptice rollback
- p5ice rollback
- p4ice rollback
- pruce rollback
- prjce rollback
- prkce rollback
- proce rollback
- pr9ce rollback
- pr8ce rollback
- prixe rollback
- prive rollback
- prife rollback
- pride rollback
- pricw rollback
Etymology of PRICE ROLLBACK
The etymology of the term "price rollback" can be understood by examining the individual words that make up the phrase.
1. "Price": The word "price" originated from the Middle English word "prys", which came from the Old French word "prix". It traces back to the Latin word "pretium", meaning "value" or "price".
2. "Rollback": The term "rollback" is a compound word formed from "roll" and "back". The word "roll" comes from the Old English word "rollian", which means "to roll" or "to turn". "Back" traces its origins to the Old English word "bæc", which means "the rear or back part".
When combined, "price rollback" refers to a reduction or decrease in the cost or value of a product or service, often returning it to a previous or lower level.
Infographic
Add the infographic to your website:
