BUDGET PRICE Meaning and
Definition
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Budget price refers to a cost or price that is set within a specific limit or range, often referring to an affordable or economical price point for goods or services. It is a term commonly used to describe a pricing strategy employed by businesses or individuals to cater to customers seeking more affordable options.
A budget price is typically lower than the average market price and is set to accommodate and appeal to a larger customer base who may have financial constraints or limited resources. It represents a strategy to offer products or services that are inexpensive and accessible to those seeking more affordable options.
The concept of budget pricing extends beyond mere affordability, as it also entails providing an acceptable level of quality and value within the given price range. The aim is to attract customers who prioritize price over additional features or premium attributes.
In the context of personal finance, budget price refers to the allocation of a certain amount of money for specific purposes or expenses. It involves careful planning and decision-making to ensure that spending remains within the predetermined limits. This approach aims to strike a balance between meeting basic needs and desires, while also practicing financial discipline and avoiding overspending.
Overall, budget price denotes a pricing strategy or financial approach that focuses on affordability and cost-consciousness, both from a business and personal perspective. It aims to provide a more accessible and economical option for customers or individuals, while still maintaining a reasonable level of quality and value.
Common Misspellings for BUDGET PRICE
- vudget price
- nudget price
- hudget price
- gudget price
- bydget price
- bhdget price
- bjdget price
- bidget price
- b8dget price
- b7dget price
- busget price
- buxget price
- bucget price
- bufget price
- burget price
- bueget price
- budfet price
- budvet price
- budbet price
- budhet price
Etymology of BUDGET PRICE
The word "budget" originated from the Old French word "bougette", which means a small bag or purse. In the medieval times, merchants used similar bags to carry their money. Over time, the term "budget" came to represent the amount of money available for a specific purpose or the estimation of expenses. The phrase "budget price" combines the word "budget" with "price", referring to a cost that is affordable and within the set financial limits.
