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Learn Business English vocabulary with our Phrase of the Week! Each week, we introduce a new phrase to help you sound more natural and confident in your professional communication.
For extra practice, you can download the flashcards —just scroll down to the bottom of the page.
This week's phrase:
DRIVE DOWN THE PRICE/ DRIVE THE PRICE DOWN
to lower the price of something, to make the price go down
The new competitor in the market helped drive down the price of electronics.
We’re trying to drive down the price by negotiating with multiple suppliers.
Bulk purchasing allowed the company to drive down the price of raw materials.
The opposite of drive down the price is... yes, you guessed it! - drive up the price or drive the price up.
DRIVE THE PRICE UP/ DRIVE UP THE PRICE
to increase the price
The high demand for the product is driving up the price.
Limited supply tends to drive up the price of goods.
Rising production costs are driving up the price of groceries.
Quiz
Fill in the blank with the correct word:
The large order helped them _____ the price of manufacturing materials.
a) drive down
b) retain
c) drive up
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