competitive price

USAGE SUMMARY

The phrase "competitive price" is correct and usable in written English.
You could use it whenever you are discussing the cost of goods or services in comparison to the marketplace. For example, "This store offers a competitive price on all of its items."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Low-priced gas sets a competitive price benchmark for other energy sources to compete against.

The New York Times

The consumer also wants a competitive price.

The New York Times

LNG is a promising alternative fuel at competitive price [1].

Energy Procedia

Shippers can find trusted carriers in the most competitive price.

MIT Technology Review

Card providers argue that they offer a competitive price and help consumers control their spending.

The New York Times

Clubs lower down the Premier League have failed to fetch a competitive price at all.

Independent

Moreover, its competitive price (48.62 €) encourages the substitution of solar energy for conventional energy.

Renewable Energy

Additionally, this device has a competitive price and is adequate for water management in crops.

Agricultural Water Management

Many products or services are likely to be available elsewhere at a competitive price.

The E-Commerce Book Building the E-Empire

It is important to design a pressure sensor with a competitive price.

Sensors and Actuators A: Physical

And that's before the competitive price tag of £199 is taken into account.

The Guardian - Tech

Expert writing Tips

Best practice

When negotiating prices, research the market to ensure you're getting a "competitive price" and can justify your offers based on industry standards.

Common error

Don't solely focus on securing the lowest price without considering the quality, reliability, or long-term value of the product or service. A "competitive price" should be balanced with other important factors.

Linguistic Context

The phrase "competitive price" functions primarily as a noun phrase, where "competitive" is an adjective modifying the noun "price". It describes the attribute of a price being advantageous or comparable within a market. Ludwig AI confirms its grammatical correctness and usability.

Expression frequency: Very common

Frequent in

News & Media

40%

Science

30%

Formal & Business

20%

Less common in

Academia

5%

Encyclopedias

3%

Wiki

2%

Ludwig's WRAP-UP

The phrase "competitive price" is a common and grammatically correct term used to describe a price that is favorable or advantageous compared to others in the market. Ludwig AI validates this, highlighting the phrase's widespread use across various domains. Its frequency is high in News & Media, Science, and Formal & Business contexts. When using this phrase, it's important to remember that while a low price can be attractive, quality and value should also be considered. Alternative phrases include "affordable price" and "reasonable price", which may be more suitable depending on the specific context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

affordable price

Focuses specifically on the price being within reach for many customers.

reasonable price

Highlights the fairness and justification of the price point.

favorable price

Suggests the price is beneficial to the buyer.

good value

Shifts the emphasis to the benefits received for the price paid.

value for money

Highlights the balance between the price and the quality or benefits.

bargain price

Implies a price that is significantly lower than usual or expected.

discounted price

Suggests a temporary reduction from the regular price.

market price

Refers to the prevailing price in the market, implying competitiveness.

cut-rate price

Indicates a price that is substantially lower, potentially sacrificing quality.

special offer

Focuses on a limited-time promotion with a reduced price.

FAQs

How can I use "competitive price" in a sentence?

You can use "competitive price" to describe a product or service that is priced favorably in comparison to its competitors. For example, "This store offers a "competitive price" on all electronics".

What are some alternatives to saying "competitive price"?

Alternatives to "competitive price" include "affordable price", "reasonable price", or "good value", depending on the specific nuance you want to convey.

Is there a difference between "competitive price" and "fair price"?

While both phrases suggest a reasonable cost, "competitive price" emphasizes the price's position relative to the market, whereas "fair price" focuses on the ethical or moral aspect of the cost being just and equitable. A "fair price" might not always be the lowest, but it is perceived as honest and reasonable.

What does it mean when a product is offered at a "competitive price"?

Offering a product at a "competitive price" means the seller is attempting to attract customers by pricing the item in line with, or lower than, similar products offered by competitors. This strategy aims to increase sales and market share.