ECONOMY SIZE Meaning and
Definition
-
Economy size refers to a product or package that is larger or bulkier than the standard size, usually offered at a reduced price compared to its smaller counterparts. It is a marketing strategy implemented by manufacturers and retailers to entice customers into buying products in larger quantities.
The term "economy size" is commonly associated with consumer goods, such as food items, toiletries, cleaning products, and other household supplies, where the larger quantity is deemed cost-effective for consumers. By offering products in bulk or larger sizes, manufacturers can take advantage of economies of scale, reducing production costs and thus offering a lower price per unit. This, in turn, can incentivize customers to purchase these economy size products, expecting to save money in the long run.
The main purpose of economy size is to provide more value for money to consumers. It appeals particularly to those who frequently use the product or have a large household, as it reduces the need for frequent restocking. Economy size products often sport prominent packaging designs, highlighting the larger contents and the potential cost savings associated with purchasing them.
It is important to note that the term "economy size" does not necessarily imply a compromise in quality. While the price per unit may be lower, the overall quality of the product is typically maintained. Nevertheless, it is advisable for consumers to consider their specific needs, storage capacity, and usage frequency before opting for economy size products to ensure a true cost benefit.
Common Misspellings for ECONOMY SIZE
- wconomy size
- sconomy size
- dconomy size
- rconomy size
- 4conomy size
- 3conomy size
- exonomy size
- evonomy size
- efonomy size
- edonomy size
- ecinomy size
- ecknomy size
- eclnomy size
- ecpnomy size
- ec0nomy size
- ec9nomy size
- ecobomy size
- ecomomy size
- ecojomy size
- ecohomy size
Etymology of ECONOMY SIZE
The term "economy size" is derived from the word "economy", which originates from the Latin word "oeconomia" and the Greek word "oikonomia". Both words essentially mean "management of a household" or "household management".
Over time, the term "economy" expanded beyond its original meaning to refer to the management of resources and the overall state of financial affairs in a society. It came to encompass concepts such as production, consumption, and distribution of goods and services.
The addition of the word "size" to "economy" is essentially a marketing term used to describe a product or package that offers more quantity or value for a lower price. When applied to products, "economy size" indicates a larger or bulkier version of the product being sold, usually at a lower per-unit cost.
Infographic
Add the infographic to your website:
