The term 'lowest-priced' describes an item or service available for purchase at the most inexpensive price point compared to similar offerings in the market. It signifies the least costly option among a selection of comparable products or services, taking into consideration factors such as quality, features, and brand recognition. This designation often appeals to budget-conscious consumers seeking to maximize their purchasing power. Businesses use this term strategically in advertising and marketing to attract customers interested in cost savings and value for their money. Identifying the lowest-priced option requires careful comparison shopping across different vendors and considering long-term value beyond the initial price.
Lowest-priced meaning with examples
- Sarah meticulously researched laptops, comparing specifications and reviews. Ultimately, she chose the lowest-priced model that met her basic needs for work and online browsing. While it lacked some advanced features, its affordability allowed her to stay within her budget. The decision highlighted her preference for cost-effectiveness, enabling her to manage her finances wisely and avoid unnecessary expenses. She was pleased with her choice and the value it offered.
- For their annual company retreat, the organizing committee sought the lowest-priced venue to minimize expenses. After comparing various locations and their associated packages, they selected a lakeside lodge, known for its competitive rates. This decision allowed them to allocate more of their budget toward team-building activities and employee meals, enhancing the overall retreat experience. Their choice demonstrated a commitment to fiscal responsibility and providing value.
- During an inflationary period, the supermarket chain emphasized its 'lowest-priced' brand of staple foods to cater to financially strained customers. They made a significant marketing push, highlighting the value of their private-label products. These items were positioned as a direct alternative to higher-priced national brands. This strategy resulted in increased sales and solidified the chain's reputation for offering affordable groceries. This was a reaction to the change in purchasing power.
- A travel agency specializes in offering 'lowest-priced' flights to various destinations by partnering with budget airlines. They cater to cost-sensitive travelers who prioritize affordability over luxurious amenities. These travelers are willing to compromise on features such as in-flight meals, entertainment, and legroom. This model offers a more affordable way for people to experience the world, showcasing their travel agency as an appealing and economical option, by emphasizing this aspect.