Affordably describes something that can be purchased or obtained at a reasonable price, one that is within the financial reach of most people. It implies a balance between cost and value, suggesting that the price aligns with the product or service's perceived worth and doesn't create undue financial strain on the consumer. The term often suggests accessibility, making goods or services available to a wider segment of the population. Affordability is often considered in contrast with luxurious or premium pricing, aiming to make options attainable without compromising quality or necessity. It often reflects a conscious choice made by a company to prioritize accessibility over maximizing profit margins, impacting choices around production, distribution, and marketing.
Affordably meaning with examples
- The new electric car, priced affordably, has captured the market, appealing to environmentally conscious consumers who previously couldn't justify the high cost of luxury models. Its innovative design and long range make it very appealing. The company strategically priced the car to compete with gas-powered alternatives, focusing on a wide customer base.
- Looking for a starter home in the city? You can find many apartments affordably. Developers are building smaller units that provide essential living spaces at lower prices. The units are built near public transport links and community amenities to add value. This makes homeownership more accessible for young professionals.
- The local community center offers many services affordably, including educational programs, childcare, and fitness classes. Grants and donations supplement their revenue. This means the cost to access these resources remains manageable, ensuring accessibility for low-income families and residents. They strive to offer inclusive offerings that are value for money.
- We partnered with a sustainable farming cooperative, and we can now offer organic produce affordably in our grocery stores. This commitment allows us to meet customer demand for healthy and ethical food. We hope to provide people with the option to make healthy choices without significant increases in their spending.
- Our software as a service (SaaS) platform offers subscription plans affordably, making advanced data analytics accessible for small businesses. The cost of the platform is balanced with the benefits, allowing them to improve their operational efficiency. This democratizes access to technology, leveling the playing field with larger competitors.