"Lowest price" in foreign trade is usually translated as Best Price or Rock-bottom Price, referring to the lowest transaction price the seller is willing to accept, or the best quotation the buyer expects to obtain. It is commonly used in inquiries, counter-offers, and negotiation stages, such as when a buyer asks "give me your best price" or a seller states "this is our rock-bottom price." Usage scenarios include: on-site quotations at exhibitions, email negotiations, and final price pressure before contract signing. Notes: 1) This term is highly subjective; the actual price may not be the market's lowest, and it must be calculated in light of costs, exchange rates, tax rebates, etc.; 2) Abuse may damage profits or trigger anti-dumping investigations; 3) It differs from "competitive price," which emphasizes an advantage compared with peers, while "lowest price" emphasizes an absolute floor. Difference: Best Price is often used for polite price inquiries, while Rock-bottom Price has a stronger tone, implying no room for further concessions. Foreign trade practitioners are advised to use it cautiously to avoid falling into a price war, and it may be paired with protective clauses such as "subject to final confirmation."
📝 Examples
1. Buyer's inquiry: Please quote your best price; if the price is competitive, we will place an order immediately. (A common tactic showing the buyer pressing for a lower price and promising an order.)
2. Seller's counter-offer: This is already our rock-bottom price and cannot be reduced further, but we can bear the freight. (A negotiation strategy showing the seller holding the bottom line while offering a non-price concession.)
💡 Foreign Trade Tips
Foreign trade terms are the foundation of international business communication
Trade practices may vary slightly by country; pay attention when using them
When using terms in contracts, specify the applicable version (e.g., Incoterms 2020)
For unfamiliar terms, use GlobalSync's multilingual email helper to confirm with your partner