PRICE POINT
\pɹˈa͡ɪs pˈɔ͡ɪnt], \pɹˈaɪs pˈɔɪnt], \p_ɹ_ˈaɪ_s p_ˈɔɪ_n_t]\
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The retail price of a good that is determined based on its competitiveness to the prices of similar products. The price however is not fixed and changes depending on the levels of demand for the product and the existing competition.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.