dynamic pricing

USAGE SUMMARY

"dynamic pricing" is correct and usable in written English.
Dynamic pricing refers to a pricing strategy where the cost of goods or services are constantly fluctuating in real-time, based on market conditions or competitor pricing. For example, "Amazon uses dynamic pricing to ensure they provide customers with competitive prices at all times."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

58 human-written examples

Economists call this "dynamic pricing".

The New York Times

In fact, dynamic pricing might already be illegal.

The New York Times

There were wrinkles created by all the dynamic pricing.

The New York Times

You see, despite that outrage, dynamic pricing won't go away.

The New York Times

Dynamic pricing and discount promotions are widespread around sports.

The New York Times - Sports

Despite these hurdles, a third of the league's teams are still using dynamic pricing in some form.The next step for dynamic pricing will be globalisation.

The Economist

Now I know all about the "dynamic pricing" model used by airlines, but this seemed odd.

The Guardian - Money

These guys will be drawn to dynamic pricing like moths to a flame.

The New York Times - Magazine

■ Harrogate restaurant Norse has introduced airline style "dynamic" pricing to take on the city's chains.

The Guardian - Lifestyle

Price discrimination, to be clear, is not the same as "dynamic pricing".

The Guardian - Opinion

Another factor spurring award redemption, Mr. Petersen said, has been the shift to "dynamic pricing".

The New York Times

Expert writing Tips

Best practice

When discussing "dynamic pricing", clearly specify the factors influencing price changes (e.g., demand, time of day, competitor pricing) to avoid ambiguity.

Common error

Avoid using "dynamic pricing" interchangeably with price discrimination. "Dynamic pricing" adjusts prices based on market conditions, while price discrimination charges different prices to different customers for the same product based on their willingness to pay.

Linguistic Context

The phrase "dynamic pricing" functions primarily as a noun phrase. Ludwig confirms that it describes a pricing strategy that adjusts prices based on market conditions.

Expression frequency: Very common

Frequent in

News & Media

35%

Science

33%

Formal & Business

32%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "dynamic pricing" is a frequently used noun phrase that refers to a pricing strategy where prices fluctuate based on market conditions. Ludwig confirms its correctness and widespread use in various contexts, ranging from news and media to science and business. The ethical considerations associated with "dynamic pricing" include concerns about fairness and transparency. Common alternative phrases include "variable pricing" and "flexible pricing". To use the term effectively, specify the factors that influence price changes and avoid confusing it with price discrimination. According to Ludwig, the term appears in various authoritative sources, including The New York Times and The Guardian.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

variable pricing

Replaces "dynamic" with "variable", emphasizing the changing nature of the price.

flexible pricing

Uses "flexible" instead of "dynamic", highlighting the adaptability of the pricing strategy.

surge pricing

Specific type of dynamic pricing often related to increased demand.

time-based pricing

Focuses on the temporal aspect of price variation.

demand-based pricing

Highlights that prices change according to shifts in demand.

market-responsive pricing

Emphasizes the pricing's responsiveness to market conditions.

real-time pricing

Stresses the immediacy of the price adjustments.

algorithmic pricing

Highlights that prices are determined by an algorithm.

price optimization

Focuses on the goal of finding the best price point.

adaptive pricing

Uses the adjective "adaptive" emphasizing its adjustment capabilities based on market conditions.

FAQs

What is an example of "dynamic pricing" in action?

Airlines frequently use "dynamic pricing", where ticket prices fluctuate based on demand, time of booking, and availability. Prices are often higher during peak travel seasons or for last-minute bookings.

How does "dynamic pricing" benefit businesses?

"Dynamic pricing" allows businesses to maximize revenue by adjusting prices to match real-time demand and market conditions. It enables them to capture more value during periods of high demand and remain competitive during slow periods.

What are the ethical considerations of "dynamic pricing"?

Some consumers perceive "dynamic pricing" as unfair if they feel they are being charged more due to factors like location or browsing history. Transparency and clear communication about pricing policies can help mitigate these concerns.

What is the difference between "fixed pricing" and "dynamic pricing"?

"Dynamic pricing" involves constantly changing prices based on various factors, while "fixed pricing" maintains a consistent price regardless of demand or market conditions. Each strategy has its advantages depending on the business model and industry.