Price lining

Price lining,

Definition of Price lining:

  1. The process used by retailers of separating goods into cost categories in order to create various quality levels in the minds of consumers. Effective price lining by a business will usually involve putting sufficient price gaps between categories to inform prospective buyers of quality differentials.

  2. The sale of a related range of products at different prices, each representing a distinct level of quality.

How to use Price lining in a sentence?

  1. You can sometimes come up with new ways to use price lining and they can help move your product much quicker.
  2. You should always know how to use price lining and figure out if there is a way to make it work for you.
  3. With price lining, a price floor and a price ceiling are set for each product category, and then selected price points are set within the range.
  4. The price lining technique was new to us, but we new that it meant that we would make a lot of money.

Meaning of Price lining & Price lining Definition