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Price Point noob.
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Price Point noob.
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Well that's as clear as mud Verto!
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"One day if I do go to heaven, I'm going to do what every San Franciscan does who goes to heaven - I'll look around and say, 'It ain't bad, but it ain't San Francisco.'" - Herb Caen, 1996
"If God, as they say, is homophobic, I wouldn't worship that God." - Archbishop Desmond Tutu
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Answering "Price Point" to my question of "What is Price Point" is rather foolish of you, don't you think?____________________________
"One day if I do go to heaven, I'm going to do what every San Franciscan does who goes to heaven - I'll look around and say, 'It ain't bad, but it ain't San Francisco.'" - Herb Caen, 1996
"If God, as they say, is homophobic, I wouldn't worship that God." - Archbishop Desmond Tutu
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It is the point at which a price can safely be defined a price point.Comment
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Ah, Thanks for the clarification Verto....so it's an economics term/indicator then - basically the "equilibrum price" that the market influences...____________________________
"One day if I do go to heaven, I'm going to do what every San Franciscan does who goes to heaven - I'll look around and say, 'It ain't bad, but it ain't San Francisco.'" - Herb Caen, 1996
"If God, as they say, is homophobic, I wouldn't worship that God." - Archbishop Desmond Tutu
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Price points are prices for which demand is relatively high. In introductory microeconomics we are told that a demand curve is downward sloping to the right and either linear or gently convex to the origin. The first is usually true, but with regard to the second, in reality, price surveys indicate that demand for a product is not a linear function of its price and not even a smooth function. Demand curves look more like a series of waves than a straight line.Comment
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Price point is more of a Retail Term. However, it more than likely comes from where Verto describes.
We do not use it as Verto describes, however, simply using it to denote *any* price at which we choose to sell something. It definitely has some connotations of 'levels' however just as Verto suggests (though not for the same reasons) - rather than a linear pricing structure, there's a stepped structure (upping the price on a book from $3.95 to $4.02, for example, we'll wait until we are willing to go at least up to $4.50 if not $4.95).
"I think that book would sell better at the $3.95 pricepoint than at the $4.95 pricepoint."
Us retail folk tend to use "price" as a verb and "pricepoint" as the noun... it's all just lingo to confuse non-retail folks into thinking we're all fancy economists, when really I'm probably the only one within at least three levels (up OR down) in my (Fortune 500) company with an A.B. Economics
<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.Comment
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Ah yes...due to external factors like consumers changing tastes or governmntal/business control factors along with the "Human" nature involved with the purchases themselves... I understand now. Thanks again for the clarification Verto.
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"One day if I do go to heaven, I'm going to do what every San Franciscan does who goes to heaven - I'll look around and say, 'It ain't bad, but it ain't San Francisco.'" - Herb Caen, 1996
"If God, as they say, is homophobic, I wouldn't worship that God." - Archbishop Desmond Tutu
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Cool, Thanks for the explaination Snoopy - it definately clears it all up for me.
EDIT: The Price Point discussion can now carry on without my interferance of stupid questions.
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"One day if I do go to heaven, I'm going to do what every San Franciscan does who goes to heaven - I'll look around and say, 'It ain't bad, but it ain't San Francisco.'" - Herb Caen, 1996
"If God, as they say, is homophobic, I wouldn't worship that God." - Archbishop Desmond Tutu
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Now let's determine the price point for the aforementioned tutoring lessons.Comment
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