verb
- to set a new price for something, especially to change the price of goods or services
Usage: business; commerce
Examples
- The store had to reprice all items after the new tax law went into effect.
- Management decided to reprice the software package to remain competitive.
- The company will reprice its products quarterly based on market conditions.
- After the merger, they needed to reprice their entire inventory.
- The restaurant repriced its menu to reflect rising food costs.
- Retailers often reprice items during seasonal sales.