Price performance refers to the measure of how well a product or service performs in relation to its cost. It takes into account both the price of the item and its overall quality and effectiveness. A high price performance indicates that the product or service offers good value for money, while a low price performance suggests that it may not be worth the cost. This term is often used in the business world to evaluate the success of a company’s pricing strategy and the satisfaction of its customers. In short, price performance is a crucial factor in determining the overall value of a product or service.