Price floor,
Definition of Price floor:
Limit beyond which a cost will not be allowed to fall.
How to use Price floor in a sentence?
- I told my manager that he could not sell the product for any less because of the price floor and how it would violate that.
- Setting a solid price floor for your product will let you know that you will always make at least a small profit.
- When dealing with stock, you may not want let the price floor below the floor price. I always sell two points prior to that.
Meaning of Price floor & Price floor Definition
