price-sensitive product
1price-sensitive — ˌprice ˈsensitive adjective 1. ECONOMICS if a product is price sensitive, its sales are affected by the price: • Gasoline is a very price sensitive product people will drive for long distances to get a few cents off. • Jewelry demand is price… …
2price sensitive — UK US /ˈpraɪsˌsensɪtɪv/ adjective ► ECONOMICS, COMMERCE used to describe a product or service for which sales go up or down in relation to its price: »A price sensitive product should be priced to convey an overall image of value to the customer …
3price-sensitive — /ˈpraɪs sɛnsətɪv/ (say pruys sensuhtiv) adjective 1. affecting prices: price sensitive decisions by government. 2. aware of prices: price sensitive consumers. 3. (of a product) affected in terms of sales by its price …
4price-sensitive — /ˌpraɪs ˌsensɪtɪv prɒdʌkt/ adjective referring to a product for which demand will change significantly if its price is increased or decreased. Products show an increased demand if the price falls and reduced demand if the price rises …
5price-sensitive — /praɪs sensətɪv/ adjective referring to a product for which demand will change significantly if its price is increased or decreased …
6Price discrimination — or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… …
7sensitive — sen‧si‧tive [ˈsenstɪv] adjective 1. very easily and quickly affected by changes: • Many economically sensitive companies have closed factories and cut their staff. • We face fierce competition from imports and price sensitive consumers (=… …
8Product liability — is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause. Product liability in the United StatesIn the United… …
9price insensitive — UK US adjective ► ECONOMICS, COMMERCE used to describe a product or service for which sales remain the same or continue to increase even if the price goes up or down by a large amount: »High fashion is price insensitive: globalization has little… …
10price-insensitive — ˌprice inˈsensitive adjective 1. ECONOMICS a price insensitive product is one that sells in the same quantities, whether the price is high or low: • Basic foods, water and housing are price insensitive products, which are viewed as necessities of …
