Definitions from the Web
Price-Sensitive
Description:
The term "price-sensitive" refers to a characteristic of individuals, businesses, or markets that are highly responsive to changes in price. When someone is price-sensitive, they closely monitor price fluctuations and make purchasing decisions based on the affordability and value of a product or service.
Senses:
- Adjective: Referring to individuals or entities that are highly responsive to changes in price.
- Noun: A person or consumer who is particularly attentive to pricing changes and tends to base buying decisions on affordability and value.
Sample Sentences:
- As a price-sensitive consumer, I always compare prices before making a purchase.
- The company targets price-sensitive markets by offering affordable products with great value.
- Being price-sensitive, she waits for seasonal sales to buy her favorite clothing brands.
- The price-sensitive nature of the market prompted the company to adjust their pricing strategy.
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