STARTING PRICE Meaning and
Definition
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The term "starting price" refers to the initial cost or value set for an item or service, typically in a commercial transaction. It represents the minimum amount at which a seller is willing to offer their product or service, initiating the negotiation and bidding process. The starting price serves as the baseline, from which potential buyers can make their offers or participate in an auction.
In various contexts, the starting price may have different implications. In the realm of e-commerce, for instance, it often denotes the price at which an auction begins, and potential buyers can bid higher amounts if they desire to acquire the item. In this context, the starting price acts as a catalyst that stimulates competition among bidders, driving the final price upwards.
Similarly, in retail or real estate, the starting price is utilized to establish a preliminary value for a product or property that is subject to negotiation. It indicates to potential buyers the minimum amount that the seller is willing to accept and provides a starting point for price discussions. The price may be adjusted based on market conditions, buyer offers, or additional negotiations between the involved parties.
Overall, the starting price serves as a fundamental reference point in the pricing of goods, services, or assets, providing a starting position for negotiations, auctions, or offers.
Common Misspellings for STARTING PRICE
- atarting price
- ztarting price
- xtarting price
- dtarting price
- etarting price
- wtarting price
- srarting price
- sfarting price
- sgarting price
- syarting price
- s6arting price
- s5arting price
- stzrting price
- stsrting price
- stwrting price
- stqrting price
- staeting price
- stadting price
- stafting price
- statting price
Etymology of STARTING PRICE
The term "starting price" is derived from the combination of the words "start" and "price". The word "start" originated from the Old English word "styrtan", which means to leap up or rise up quickly. It eventually evolved to have the broader meaning of commencing or beginning. The word "price" has its roots in the Latin word "pretium", which refers to the cost or value of something. Therefore, the term "starting price" refers to the initial cost or value set for an item or service.
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