price conscious

  

Definition

Market segment or buyers who seek best (lowest) prices. See also price sensitive.

Featured Tip

Why do Coupons and Rebates Exist?

If stores and product providers wanted you to pay the lower price, why don't they just reduce the price? And why do they make the process of getting a rebate so difficult? The answer is, they're trying to price differentiate. Anyone who is willing to jump through hoops to save money is more price-conscious and less likely to have been willing to pay the higher price. In this way, they can get a little closer to charging each person as much as that person is willing to pay. Coupons and rebates are two specific examples of this price differentiation tactic, but you might think of others that are also relevant for your business.

News containing the term price conscious

Loading...



http://www.businessdictionary.com/definition/price-conscious.html


Enter your email address to get our free Term of the Day newsletter!

price conscious is...

... in the subject
Advertising, Marketing, & Sales

Nearby Terms

Popular 'Advertising, Marketing, & Sales' Terms

Search volume for price conscious

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z