Price point

Price point,

Definition of Price point:

  1. A point on a scale of possible prices at which something might be marketed.

  2. Suggested retail price of a product, determined in such a way as to compete with prices of other products. A product may be introduced with a specific price point, but that price may be altered depending on current demand and competition.

How to use Price point in a sentence?

  1. The price point of the product was really great and we knew that it would compete with other products perfectly.
  2. In a negotiation for the sale of your products, it is useful to begin the bargain at a higher price point than you need to sell.
  3. The company produces skating boots at a variety of price points.
  4. The price point was reached as planned and our position in the market was strong so we had reached all of our goals.

Meaning of Price point & Price point Definition