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Definitions from the Web

Term: underpriding

Description:

Underpriding is a verb that refers to the act of setting a price lower than the actual value of a product or service. It can also be used as a noun to describe the pricing strategy of intentionally undervaluing goods or services in order to gain a competitive advantage.

Examples:

Verb:

• She underprided her artwork to attract more buyers.
• The company decided to underpride their new product in order to penetrate the market.
• He is known for underpriding his consulting services, which has helped him build a large client base.

Noun:

• The underpriding of the tickets resulted in a sold-out concert.
• Underpriding can be a risky strategy if not carefully planned.
• The company's underpriding tactics allowed them to gain a significant market share.

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