price floor

  

Definition

Limit beyond which a cost will not be allowed to fall.

Use price floor in a sentence

  • When dealing with stock, you may not want let the price floor below the floor price. I always sell two points prior to that.

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  • I told my manager that he could not sell the product for any less because of the price floor and how it would violate that.

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  • Setting a solid price floor for your product will let you know that you will always make at least a small profit.

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