The definition of down-market is made with low quality materials to appeal to buyers looking for low cost items.
(adjective)An example of a down-market item is a shirt made with low-grade cotton, allowing it to be sold for a very low price.
See down-market in Webster's New World College Dictionary
adjective
See down-market in American Heritage Dictionary 4
also down·mar·ket
adjectiveLearn more about down-market