pricebreak

Meanings

• Noun

  A point at which the price of a good or service changes.

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Variants

List of all variants of pricebreak that leads to same result
firebreak , firebreaks

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'pricebreak' is believed to have originated from the business world, specifically in reference to the point at which the price of a good or service changes.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Pricebreaks are not limited to goods and services, but can also apply to other areas such as labor markets and financial markets.

2. Pricebreaks can be used as a marketing tool to attract customers by offering lower prices after a certain threshold has been reached.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Elasticity of demand: Pricebreaks can be related to the concept of elasticity of demand, which refers to the responsiveness of the quantity demanded of a good or service to a change in its price.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Pricebreaks are significant in economics and business, as they indicate a shift in market conditions or pricing strategies.

How to Memorize "pricebreak"

1. visualize
   

   - Imagine a graph with a price axis and a quantity axis. A pricebreak can be represented as a vertical line where the price changes.

2. associate
   

   - Associate the term 'pricebreak' with the idea of a turning point or a shift in market conditions.

3. mnemonics
   

   - Use the mnemonic 'Pricy Break' to remember the meaning of pricebreak.

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