Preference is a term used to express the liking or inclination towards something over others. In the context of business and trade, preference can be defined as a special advantage given to a certain product or company over its competitors. Synonyms for the word "preferenced" can include the words "favored", "prioritized", "chosen", "selected", and "claimed". These words convey a sense of higher priority or importance given to something, whether it be a product, service, or individual. It is important to understand the synonyms for preference to communicate effectively in professional settings, particularly when discussing deals or negotiations.