Pocket price
Pocket price refers to the cost of purchasing an item, product, or service that is affordable and can easily fit within one’s budget. It is a price that is considered reasonable and within reach for the average consumer.
For example, a pocket price for a cup of coffee may be $2, while a pocket price for a smartphone could be $200. These prices are considered accessible and not too expensive for most people to afford.
When determining the pocket price of an item, it is important to consider factors such as the quality of the product, the brand name, and the demand for the item. A pocket price should be competitive and attractive to consumers, while still allowing the seller to make a profit.
Overall, pocket price plays a crucial role in the decision-making process for consumers, as it is often a determining factor in whether or not they will make a purchase.
Related link: Pricing strategies on Wikipedia