Priceclass

Priceclass is a term used in retail, e-commerce, and pricing analytics to denote a category or label that groups products and services by their price level. A priceclass can be defined as a numeric bracket (for example, priceclass 1 for items under $25, priceclass 2 for $25–$99) or as descriptive labels such as budget, mid-range, and premium. The concept is not standardized and its exact definitions vary by organization, industry, and system.

Priceclasses are used to simplify pricing decisions, enable targeted promotions, and improve user navigation. In product catalogs and search interfaces, priceclass filters help shoppers find items within a desired budget. In analytics, priceclass segments support performance comparisons across price levels, assist with demand forecasting, markdown planning, and inventory control. Some implementations tie priceclasses to rules in a pricing engine or ERP system, with boundaries that can be static or adjusted over time based on sales data.

Examples of priceclasses include: Budget (up to a lower threshold), Mid-range (between thresholds), and Premium (above a high threshold). In practice, thresholds may be defined by business rules, historical price distributions, or external benchmarks. The term is also used in other domains, such as shipping or tariffs, where items are routed or priced according to their priceclass.

See also price band, price tier, pricing strategy, product taxonomy.