Definition

Noun: A price bracket is a category or range used to classify products, services, or merchandise based on their selling price. It groups items that share a similar cost level, often used for market analysis, retail organization, or consumer targeting.

Usage

The term "price bracket" is used to discuss market segments, consumer spending habits, and retail strategies. It helps in comparing products within the same cost range. - When analyzing a market, companies examine which price bracket is most popular with consumers. - This model falls into a higher price bracket than its competitors.

Examples

Advanced Usage

• "to fall into a price bracket": to be classified within a specific price range.
  • With its new features, the smartphone now falls into a premium price bracket.
• "to target a price bracket": to aim products or marketing at consumers in a specific cost range.
  • The brand is targeting a younger demographic in the affordable price bracket.

Variants and Related Words

• Price range (n): A more general term for the span between the lowest and highest price of a product or group of products.
  • The price range for similar laptops is very wide.
• Market segment (n): A broader category of consumers grouped by shared characteristics, which can include price sensitivity.
• Tier (n): Often used similarly to indicate a level or grade, which can be based on price.
  • We offer service plans in three different tiers.

Synonyms

• Price category
• Price range
• Cost tier
• Price point (Note: "Price point" more specifically refers to a single intended selling price, but is often used in similar contexts.)

Antonyms

• There are no direct antonyms, but concepts outside this categorization could be described as unpriced or price-agnostic.

Related Phrases

• "Out of one's price bracket": Too expensive for a person's budget.
  • Unfortunately, that designer handbag is out of my price bracket.
• "Within a price bracket": Priced at a level that fits a specified category or budget.
  • We need to find a venue that is within our price bracket.

Noun

1. a category of merchandise based on their price