correct price

USAGE SUMMARY

The phrase "correct price" is a correct and usable phrase in written English.
It can be used when referring to the appropriate or fair price for a product or service. Example: "After researching the market, I found the correct price for the laptop I want to buy."

✓ Grammatically correct

News & Media

Science

Wiki

Human-verified examples from authoritative sources

Exact Expressions

43 human-written examples

The correct price is £20.

The Guardian

But sure enough, the correct price was on the pump a few feet away: $4.75.

The New York Times

"I'd have to know where someone is before I sell to them if I am to display the correct price.

The Guardian

If you do not wish to continue your subscription at the correct price, you may cancel your order.

The Guardian

The correct price should have been $3.59, representing a 5% overvaluation of the New Zealand currency against the dollar.

The Economist

Financial-trading systems also run on a single source, because everyone needs to know the correct price of a stock at the same time.

The New Yorker

Human-verified similar examples from authoritative sources

Similar Expressions

17 human-written examples

Anonymous letters correct prices.

The New Yorker

The second is correct pricing.

The New York Times

Correct prices can be found at nytimes.com/business.

The New York Times

* On 26 August 2014 this article was amended with the correct prices for the BrainControl service.

The Guardian - Tech

And on June 26th, a state audit office report criticised the government and the bank for not having followed the correct pricing procedure.

The Economist

Expert writing Tips

Best practice

When discussing financial transactions or pricing strategies, ensure that you've verified the "correct price" from a reliable source before making statements or decisions. This is particularly important in business and legal contexts.

Common error

Avoid assuming that a listed or quoted price is the "correct price" without conducting due diligence. Always cross-reference with multiple sources and consider potential hidden costs or fees.

Linguistic Context

The phrase "correct price" functions primarily as a noun phrase, where 'correct' acts as an adjective modifying the noun 'price'. Ludwig provides many examples where this phrase identifies the accurate or appropriate cost of an item or service.

Expression frequency: Very common

Frequent in

News & Media

68%

Wiki

18%

Science

14%

Less common in

Formal & Business

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "correct price" is a common and grammatically sound way to refer to the accurate or appropriate cost of a product or service. As Ludwig highlights, this phrase is widely used across various contexts, from news reports and business discussions to scientific analysis. While the phrase itself is straightforward, determining the actual "correct price" often requires careful research and consideration of various factors. When writing about pricing, remember to verify your information from reliable sources to ensure accuracy. Be aware that the term can take on different meanings depending on the context in which it is used.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

accurate pricing

Focuses on the accuracy of the pricing strategy or method.

fair market value

Emphasizes the fairness and objectivity of the price in an open market.

right price point

Highlights the specific price level that is most suitable for a particular market or product.

appropriate cost

Indicates the suitable or fitting cost for a given item or service.

actual cost

Refers to the real or factual cost, often after accounting for discounts or other factors.

exact price

Highlights precision and specificity in price determination.

just price

Emphasizes the ethical and moral aspects of pricing.

proper valuation

Focuses on the assessment and determination of the value of an asset.

precise value

Highlights the exactness and accuracy of the determined value.

validated price

The price has been confirmed or verified as accurate.

FAQs

How do I determine the "correct price" for a product or service?

Determining the "correct price" involves researching market values, considering production costs, assessing competitor pricing, and understanding consumer demand. Using tools like "price comparison websites" can also help.

What can I say instead of "correct price"?

You can use alternatives like "fair market value", "accurate pricing", or "appropriate cost" depending on the context.

Is there a universally "correct price" for any item?

Not always. The "correct price" can vary based on factors like location, availability, and demand. What's considered a "correct price" in one situation might not be in another.

What factors influence the perception of a "correct price"?

Factors such as brand reputation, perceived quality, and marketing efforts influence what consumers perceive as the "correct price". A higher perceived value allows companies to set a higher price point.