Price point is a term used in economics and business to refer to the specific price at which a product or service is offered. It is the amount of money that a customer must pay in order to purchase the item. The TAG for price point is 'PPT'. Price points are important for businesses as they help to determine the profitability of a product or service, as well as the demand for it. They also help to set the market value of a product or service, and can be used to compare different products or services.