price point

USAGE SUMMARY

The phrase "price point" is correct and can be used in written English.
It can be used to denote the cost of an item or service. For example, "The new car's price point is out of my budget."

✓ Grammatically correct

News & Media

Formal & Business

Science

Human-verified examples from authoritative sources

Exact Expressions

49 human-written examples

Worst: Average price point: $27,000.

Forbes

A key price point.

TechCrunch

Price point is paramount.

The New York Times

"It's not just price point.

The New York Times

That's my price point.

The Guardian - Business

"Free is a compelling price point".

The New York Times - Tech

Human-verified similar examples from authoritative sources

Similar Expressions

11 human-written examples

Decent price points.

The Guardian - Lifestyle

Q What will the price points be?

The New York Times

His jewelry also hits different price points.

The New York Times

Price points Another point of confusion is pricing.

The Guardian - Tech

The price points are reasonable.

Forbes

Expert writing Tips

Best practice

When discussing product strategy, clearly define the intended "price point" to target specific customer segments and market competitiveness.

Common error

Avoid using "price point" interchangeably with "value proposition". "Price point" refers specifically to the monetary cost, while "value proposition" encompasses all the benefits a customer receives for that cost.

Linguistic Context

The phrase "price point" functions as a noun, often acting as the subject or object of a sentence. It typically refers to a specific price level or range at which a product or service is offered in the market. Ludwig AI confirms that the phrase is correct and can be used in written English.

Expression frequency: Very common

Frequent in

News & Media

55%

Formal & Business

25%

Science

10%

Less common in

Wiki

5%

Reference

3%

Encyclopedias

2%

Ludwig's WRAP-UP

In summary, "price point" is a frequently used noun phrase that refers to the specific price level of a product or service. Ludwig AI confirms its grammatical correctness and suitability for various writing contexts. It's important for conveying cost information in marketing, sales, and economic analysis, making it a neutral term applicable across diverse audiences. While synonyms like "price level", "cost bracket", or "target price" exist, it is important to not confuse it with "value proposition", which is a broader term. With its common usage in sources like The New York Times and Forbes, "price point" remains a crucial term in business and consumer-related discussions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Selling price

Refers to the price at which something is actually sold.

Affordable price

Emphasizes the affordability aspect of the price.

Cost bracket

Focuses on the range within which a price falls, rather than a specific point.

Price level

Indicates a general price tier, rather than a precise figure.

Entry-level price

Highlights that the price is the lowest available for a particular product or service.

Target price

Specifies a price that is being aimed for, rather than the current price.

Market price

Highlights the prevailing price in a specific market.

Retail price

Focuses on the final price at which something is sold to consumers.

Cost benchmark

Emphasizes using the price as a standard for comparison.

Value proposition

This is a broader expression encompassing all the benefits a company promises to deliver to gain a customer's commitment but "price" is a key component of it.

FAQs

How to use "price point" in a sentence?

You can use "price point" to discuss the cost of a product, such as, "The company aims for a competitive "price point" to attract budget-conscious customers".

What does "price point" mean?

"Price point" refers to a specific price level at which a product or service is offered. It's a marketing term used to understand where a product fits in the market based on cost.

What is a good "price point"?

A "good price point" is subjective and depends on factors like target market, production costs, and perceived value. It's a "price level" that balances profitability with customer appeal.

What are some synonyms for "price point"?

Alternatives to "price point" include "price level", "cost bracket", or "target price", depending on the specific nuance you want to convey.