What does Overselling mean?

Definitions for Overselling
over·selling

This dictionary definitions page includes all the possible meanings, example usage and translations of the word Overselling.

Wikipedia

  1. Overselling

    Overselling or overbooking is sale of a volatile good or service in excess of actual supply. Overselling is a common practice in the travel and hospitality sectors, in which it is expected that some people will cancel. The practice occurs as an intentional business strategy where sellers expect that some buyers will not consume all of the resources they are entitled to, or that some buyers will cancel. The practice of overselling aims to ensure that 100% of available supply will be used, resulting in the maximum return on investment. However, if most customers do wish to purchase or use the sold commodity, it may leave some customers lacking a service they expected to receive. Overbooking is regulated (though rarely prohibited) in many countries and industries, and companies that do practice it are often required or forced by market competition to offer large amounts of compensation to customers as an incentive for them to not take up their purchase. An alternative to overbooking is discouraging consumers from buying services they do not actually intend to use. This can be done by making reservations non-refundable, a common practice among low-cost carriers and railways, or requiring customers wishing to cancel their right to a service to pay a termination fee.

Wikidata

  1. Overselling

    Overselling or overbooking is sale of a volatile good or service in excess of actual capacity. Overselling is a common practice in the travel and lodging industry. In telecommunications, sometimes the term oversubscription is preferred. The practice occurs as an intentional business strategy where sellers expect that some buyers will not consume all of the resources they are entitled to, or that some buyers will cancel, the practice of overselling ensures that 100% of available supply will be used resulting in the maximum return on investment.

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Numerology

  1. Chaldean Numerology

    The numerical value of Overselling in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of Overselling in Pythagorean Numerology is: 3

Examples of Overselling in a Sentence

  1. Lake County Commissioner John Plecnik:

    Today's verdict means a lot to Lake County, because it is a substantive step forward to real healing in this epidemic, on behalf of all Lake County families, we thank the jury for sending a powerful message to rebuke those responsible for overselling opioids.

Popularity rank by frequency of use

Overselling#100000#242097#333333

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"Overselling." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/Overselling>.

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