determine price

USAGE SUMMARY

The phrase "determine price" is correct and usable in written English.
You can use it when discussing the process of setting or figuring out the cost of a product or service. Example: "Before we can proceed with the sale, we need to determine the price based on our costs and market demand."

✓ Grammatically correct

News & Media

Academia

Science

Human-verified examples from authoritative sources

Exact Expressions

33 human-written examples

Although factors in price determination, the two approaches described above in isolation, don't completely determine price and quantity.

Cornell University

Four factors determine price – vessel size, condition, location and mooring.

Independent

Mobile operators have generally opposed the controls, arguing that the market should determine price levels.

The New York Times

Supply and demand relationships work simultaneously in markets to determine price and quantity.

Cornell University

Empirical price analysis brings supply and demand relationships together to determine price.

Cornell University

Fundamentals determine price direction, but financial market positioning can amplify moves.

Columbia University

Human-verified similar examples from authoritative sources

Similar Expressions

27 human-written examples

Radically new criteria increasingly determine prices.

The New York Times - Arts

Most companies use it to determine prices.

Harvard Business Review

The price fixings are then used to determine prices worldwide.

The Guardian - Business

Economists say auctions are generally the most efficient way to determine prices.

The New York Times

Full-color posters on the wall will also help you determine prices of the various items.

The New York Times - Travel

Expert writing Tips

Best practice

When using "determine price" in business writing, clearly outline the factors that influence the pricing decision, such as market demand, production costs, and competitor pricing.

Common error

Avoid setting prices based solely on internal costs. Always conduct thorough market research to understand customer willingness to pay and competitive landscape before you "determine price".

Linguistic Context

The phrase "determine price" functions as a verb phrase indicating the action of establishing or calculating the cost of something. As Ludwig highlights, this can refer to setting a specific price point or establishing a pricing strategy.

Expression frequency: Common

Frequent in

News & Media

33%

Academia

26%

Science

22%

Less common in

Wiki

8%

Encyclopedias

3%

Formal & Business

3%

Ludwig's WRAP-UP

In summary, "determine price" is a common and grammatically sound verb phrase used to describe the process of establishing the cost of a product or service. Ludwig AI confirms its correctness and usability across varied contexts, including news, academia, and science. The phrase enjoys a neutral register making it suitable for both formal and informal communication. While "determine price" is appropriate, alternatives like "set the price" or "establish the cost" can offer subtle differences in emphasis. Remember to avoid the common error of neglecting market research; thorough analysis of the competitive landscape is crucial before you "determine price".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

set the price

Focuses on the action of establishing a specific price point.

establish the cost

Highlights the act of setting the monetary value of something.

ascertain the price

Emphasizes the effort of finding out the price.

calculate the price

Implies a more mathematical approach to finding the price.

fix the price

Indicates a firm and unchangeable price has been decided.

decide on the price

Focuses on the decision-making aspect of pricing.

establish pricing

A more general term related to defining the overall pricing strategy.

work out the price

Suggests effort and potentially negotiation in arriving at a price.

find out the price

Highlights the act of discovering the price, often from an external source.

assess the cost

Focuses on evaluating all factors to give an accurate cost.

FAQs

What does "determine price" mean?

The phrase "determine price" means to establish or figure out the cost or value of a product or service. It involves considering various factors to arrive at a suitable price.

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

You can use "determine price" in a sentence like this: "Before listing the house, we need to determine the price based on recent sales in the area."

What can I say instead of "determine price"?

You can use alternatives like "set the price", "establish the cost", or "calculate the price" depending on the context.

What factors are typically considered when you "determine price"?

Common factors include production costs, market demand, competitor pricing, and perceived value. The specific factors will vary depending on the product, service, and market conditions.