I'm trying to understand what the term 'PP' means when it's used in the context of pricing. I've seen it mentioned in a few places but I'm not sure of its specific definition or how it applies to the overall price structure.
7 answers
ShintoSpirit
Wed Nov 13 2024
A Price Point (PP) refers to the selling price suggested by a manufacturer or retailer.
JejuSunrise
Wed Nov 13 2024
This price is strategically set to ensure competitiveness in the market.
BusanBeautyBloom
Wed Nov 13 2024
By recommending a specific price point, businesses aim to maintain their market position.
Valentina
Wed Nov 13 2024
The concept of Price Point is crucial in understanding
market dynamics.
BlockProducer
Wed Nov 13 2024
Several factors influence the determination of a Price Point.