What’s the difference beween a price point and a price?
There is no difference. Just as there is no difference between a person’s “skill set” and a person’s skills. The extraneous words are perhaps intended to convey a sense of business acumen. Business jargon is riddled with such nonsense.
Read Mark M’s reply.
There are points along the demand curve, and each point has a corresponding price. That’s it, you just need to say “price”. Saying “price point” doesn’t change the meaning.
I took 5 econ courses at MIT. Mark says it correctly. Price IN RELATIONSHIP. Price (as you just said) is a dynamic entity. “Price” has the fuller meaning of “price under certain conditions”.
Price point is price related to other prices, or price points. It’s price in relationship.
Lowell Cohn, retired columnist for the Santa Rosa Press Democrat, covered sports for almost 40 years and never ran out of things to say.