KNOCK DOWN PRICE Meaning and
Definition
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A "knock down price" refers to a significantly reduced or discounted price for a particular product or service. It denotes a substantial reduction in the original selling price of an item, often implying that the discounted price is exceptionally low or advantageous to potential buyers.
This term is commonly used in the retail industry, particularly during sales or promotional events, where sellers offer items at heavily discounted rates. It suggests that the original price has been "knocked down" to a level far below what is usually expected or customary.
Furthermore, a knock down price can also imply the selling of products or assets at a price lower than their fair or intrinsic value. This happens, for example, in situations where the seller is in a hurry to sell the item or is looking to quickly liquidate their inventory. In such cases, the knock down price is an incentive to attract buyers by tempting them with a great deal.
The phrase "knock down" originated from the act of reducing something physically in size, weight, or price. It reflects the idea of bringing a price down to a level that is perceived as highly competitive or attractive to potential purchasers. Thus, a knock down price is commonly associated with a deep discount, implying a significant markdown in comparison to the regular or original price.
Common Misspellings for KNOCK DOWN PRICE
- jnock down price
- mnock down price
- lnock down price
- onock down price
- inock down price
- kbock down price
- kmock down price
- kjock down price
- khock down price
- knick down price
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