Definition, Meaning & Synonyms

priced-competitively

adjective

/praɪst kəmˈpɛtɪtɪvli/

Definition

Offered at a price that is comparable to or lower than similar products or services in the market.

Examples

The smartphone was priced competitively, making it appealing to budget-conscious buyers.
To attract more customers, the restaurant decided to price its meals competitively with other local eateries.
The new software is priced competitively, which has helped it gain a significant market share.

Meaning

The term describes a situation where the pricing of a product or service is strategically positioned to be attractive to consumers, especially when compared to competing offers.