Undercharged means charging less than the actual value or price of a product or service. Synonyms for this term include undervalued, underpriced, underquoted, underbilled, underpaid, under-assessed, and underestimation. A product or service that is undercharged may lead to lower profits for a business and undervalued services for consumers. It is essential for businesses to carefully set their prices and assess their services to avoid undercharging. In contrast, overcharging a customer can lead to dissatisfaction and loss of potential clients, whereas undercharging may result in decreased revenue. Therefore, understanding these synonym terms and their significance in pricing strategies can lead to the success of a business.