drop price vs reduce price

Both 'drop price' and 'reduce price' are correct phrases, but they are used in slightly different contexts. 'Drop price' is more informal and is often used in casual conversations or marketing contexts. On the other hand, 'reduce price' is more formal and commonly used in business or professional settings.

Last updated: March 27, 2024 • 3246 views

This phrase is correct and commonly used in informal or marketing contexts.

"drop price"

This phrase is often used informally or in marketing to indicate a decrease in the price of a product or service.

Examples:

We decided to drop the price of the new phone to attract more customers.
The store is planning to drop prices for the holiday season.
They always drop prices during their annual clearance sale.

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As a result of this drop prices are now below production costs.
Prices drop, your economy collapses.
I had to drop the price three times.
This latest drop in prices is part of the stepped reduction in the legislation broadly supported by Parliament in 2009.
...to drop the price of oil dramatically.
Hoping I don't have to drop the price too much.
An increase in output of milk will lead to a drop in prices.
Thereafter, the significant drop in prices had a direct negative effect on the profitability.
Excessive supply leads to a drop in prices.
Consequently, a drop in prices will not lead to an increase in market share through higher productivity in terms of cost price.
As a result of this drop in prices, intense price competition between the Union and exporting producers started during the period considered.
We are going to drop the price to $75.95.
That depends on how far you're willing to drop the price.
But I do not think that Agenda 2000 proposals for potato starch, in which compensation for a drop in price is only 44 %, are acceptable.
Pay me tomorrow and I'll drop the price!
They drop the price, feels like they've done us a favor.
It is this possibility of mixing that causes a vertical drop in prices and is a blow to farmers.
Past experience from the 1992 CAP reform has shown that the effective drop in prices was not as sharp as expected and therefore did not justify 100% compensation.
The market situation of Pecorino Romano, with surpluses and a marked drop in prices, justifies making a larger quantity of that cheese eligible for aid than in the past.
The market situation of Pecorino Romano, with surpluses and a marked drop in prices, justifies making a larger quantity of that cheese eligible for aid than in the past.

Alternatives:

lower price
cut price
slash price
discount price
mark down price

This phrase is correct and commonly used in formal or professional contexts.

"reduce price"

This phrase is commonly used in business or professional settings to indicate a decrease in the price of a product or service.

Examples:

The company decided to reduce prices to stay competitive in the market.
We need to find a way to reduce prices without compromising on quality.
The store manager announced a plan to reduce prices on selected items.

Show examples from the web [+]

This is because the report only seeks to reduce price intervention by 10 %, whereas the Commission is proposing 15 %.
On the other hand, the types of cost efficiencies that are taken into account may give the undertakings concerned an incentive to reduce price, see paragraph 98 above.
The Irish government contends that its budgetary policy seeks to achieve economic stability by securing the continuation of social partnership and also by taking action to reduce price inflation, including indirect tax reductions.
Supports the Commission's intention to examine measures, such as favourable loans and mutual guarantee schemes, to help reduce price volatility in agricultural commodity markets;
The completion of the liberalisation process and the creation of a genuinely integrated European energy market will exert a downward pressure on energy prices for users and may reduce price disparities within the EU.
Supports the Commission's intention to examine measures, such as favourable loans and mutual guarantee schemes, to help reduce price volatility in agricultural commodity markets;
Reduce price to increase market share.
Reduce price to increase market share.
In the longer run, a further downward adjustment of wage increases and additional labour market reforms may be warranted - given the early signs of bottlenecks in the labour market despite still relatively high overall unemployment - in order to reduce price pressures and unemployment.
Migros reduces prices of around 150 brand articles.
Migros reduces prices of over 100 cooked and cured ham products.
Migros reduces prices of around 600 everyday products.
It was decided to increase quotas and reduce prices.
The dock workers understand well that we are not implementing competition but a terrible mechanism to reduce prices and salaries.
Experience has shown, in every field, that this is the best way to increase efficiency, create new jobs and reduce prices.
The Commission has proposed to reduce prices and provide compensatory aid by means of direct income support.
In fact, companies may even reduce prices in order to attract customers or capture market share.
Increased competition will also be likely to reduce prices and help to disseminate best practice and encourage innovation.
This practice puts a great deal of pressure on local authority providers to reduce prices.
Gillette recommends that retailers increase the price of shaver blades. Migros resists these exaggerated price recommendations and reduces prices - at its own expense - massively.

Alternatives:

lower price
cut price
bring down price
decrease price
discount price

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drop price vs reduce price

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