The term AFFIX A NEW LABEL TO can be summarized as 'retagging, ' which is the process of attaching a new label to an item. This is often done in order to update or change the information associated with the item, such as its price, size, or description. Retagging is commonly used in retail stores, where items are regularly updated and relabeled. It is also used in other industries, such as manufacturing, where labels are used to track products and materials.