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price point
price point
Noun
pl: price points
This term is primarily used in business, marketing, and retail contexts. It differs from a general price by emphasizing the strategic intent behind the number, suggesting that the price was selected to align with a specific psychological threshold or a particular demographic's purchasing power.
In professional discourse, it is often used to describe the positioning of a product relative to competitors. For example, a company might identify a gap in the market at a specific price point to capture a segment of customers who find premium options too expensive but budget options too low-quality.
Meanings
Related Words
price levelcostaffordabilityvaluationmarketexpensepremiumdiscountbudgettarifffeeratemarginmarkupprofitrevenuecompetitionstrategypositioningsegmentationdemographicconsumerbuyersellermerchantretailwholesalecommercetradeeconomyinflationdeflationequilibriumdemandsupplyelasticityutilityvalueworthluxuryeconomy classmidrangeentry leveltiercategorybracketscaleindexbenchmarkpricingnegotiationbargainsticker pricemsrpoverheadexpenditureinvestmentcapitalassetcommodityproductserviceofferingportfoliomonetizationfiscalmonetarycurrencypaymenttransactioninvoicereceiptauditbudgetingforecastingprojectionanalysisoptimizationincentiverebatecouponsubsidytaxlevysurchargediscounting