Homonym: Low-Cost (Affordable)
"Low-cost" refers to products or services that are priced lower than the average market rate. This pricing strategy aims to attract budget-conscious consumers who seek value for their money. Low-cost options can be found in various sectors, including retail, travel, and food.
Businesses often implement low-cost strategies by reducing overhead expenses, optimizing operations, or sourcing materials more affordably. While low-cost items may appeal to many, they can sometimes compromise on quality or features compared to higher-priced alternatives. Understanding the trade-offs is essential for consumers when making purchasing decisions.