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price lining
price lining definition - business
price lining
Pricing a product at different levels in order to appeal to different segments of the market. For example, an appliance manufacturer creates a dishwasher that it sells in different versions (basic, midline, and premium) at different prices to appeal to different segments of buyers. Price lining is targeted at consumers for whom price is important in choosing the model of a product they should purchase. Also called product line pricing.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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