pricing

Thân thiện

The manager reviews the pricing for the new product line.

Definition

Noun: The act or process of setting or determining the price at which a product, service, or asset will be sold.

Usage

"Pricing" refers to the strategic business activity of establishing a monetary value for goods or services. It involves analysis of costs, market conditions, competition, and perceived value.

Examples

• The company is reviewing its pricing strategy for the new software subscription.
• Competitive pricing is essential for success in the retail market.
• The pricing of the new model was based on extensive market research.

Advanced Usage

• Dynamic pricing: A strategy where prices are adjusted in real-time based on current market demands.
  • Airlines and ride-sharing services often use dynamic pricing.
• Price discrimination: The practice of selling the same product to different buyers at different prices.
  • Student discounts are a common form of price discrimination.

Variants and Related Words

• Price (n/v): The amount of money expected or given for something / to set a price on something.
  • The price of the ticket is $50. / They need to price the items competitively.
• Reprice (v): To set a new price for something.
  • The store had to reprice all the inventory after the sale.

Synonyms

• Costing
• Valuation (in a commercial context)

Related Phrases

• Pricing model: The framework or methodology used to set prices (e.g., cost-plus pricing, value-based pricing).
  • They adopted a subscription-based pricing model.
• Pricing power: The ability of a company to raise prices without losing customers.
  • Brands with strong loyalty have significant pricing power.

Học thuật

Noun

1. the evaluation of something in terms of its price