The phrase "a reference price" is correct and usable in written English.
It can be used in contexts related to pricing, economics, or marketing to indicate a price point that serves as a benchmark for comparison.
Example: "The retailer set a reference price for the new product to help customers gauge its value against competitors."
Alternatives: "benchmark price" or "standard price".
"But we learned she prefers a sale, at times she loves a coupon, and always, she needs a reference price," he said, referring to items like "compare to" prices on price tags.
This can take a number of forms, from a reference price to a regulated tariff.
"A.W.P. as a reference price is very common in insurance contracts," said Peter Neupert, chairman of Drugstore.com, an Internet pharmacy.
Also, for relatively undifferentiated products, a reference price — meaning, the price before discounting — can be helpful to establish value.
Called the most important figure in finance, Libor is used as a reference price for more than $500tn £307tnn) worth of loans and transactions around the world, including corporate loans and fixed-deal mortgages for homeowners.
To address the problem, CalPERS introduced a "reference price" of $30,000 the maximum it would pay and assembled a list of high-quality providers willing to accept it.
By introducing n (>1) firms with infinite cross-price elasticity (i.e. generic drugs), we explore the effects of competition on the optimal pricing strategies under a Reference Pricing Scheme (RPS).
The pharmaceutical staff group thought a reference pricing approach would be good for driving market competition.
Sweden operated a reference pricing policy for drugs of chemical equivalence between 1993 and 2002.
The Netherlands has also operated a reference pricing system since 1991, based on therapeutic equivalence.
Germany has had a reference pricing system for many years, based on therapeutic equivalence.
