Definition of Price point:
A point on a scale of possible prices at which something might be marketed.
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?
- The price point of the product was really great and we knew that it would compete with other products perfectly.
- 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.
- The company produces skating boots at a variety of price points.
- 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