Price - Price Point

The price of an item is also called the price point, especially where it refers to stores that set a limited number of price points. For example, Dollar General is a general store or "five and dime" store that sets price points only at even amounts, such as exactly one, two, three, five, or ten dollars (among others). Other stores will have a policy of setting most of their prices ending in 99 cents or pence. Other stores (such as dollar stores, pound stores, euro stores, 100-yen stores, and so forth) only have a single price point ($1, £1, 1€, ¥100), though in some cases this price may purchase more than one of some very small items. Price is relatively less than the cost price.

Read more about this topic:  Price

Famous quotes containing the words price and/or point:

    I don’t want to read about some of these actresses who are around today. They sound like my niece in Scarsdale. I love my niece in Scarsdale, but I won’t buy tickets to see her act.
    —Vincent Price (1911N)

    The success of a party means little more than that the Nation is using the party for a large and definite purpose.... It seeks to use and interpret a change in its own plans and point of view.
    Woodrow Wilson (1856–1924)