price match
The concept of "price match" is commonly used in retail to ensure customers receive the best price available, fostering customer loyalty and competitive pricing.
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Definition
B2Retail
(business, consumer)A policy where a store agrees to sell a product at the same price as a competitor's lower price for the same item.
Example
- The store's price match policy ensures you won't find a better deal elsewhere.
- If you find a lower price at another retailer, we'll price match it.
B2Retail
(business, consumer)The act of adjusting the price of an item to match a competitor's lower price.
Example
- She asked the store to price match the TV she found cheaper online.
- Many retailers offer to price match during holiday sales.
Similar
Terms that have similar or relatively close meanings to "price match":