modifying price

USAGE SUMMARY

The phrase "modifying price" is correct and usable in written English.
It can be used in contexts where you are discussing changes or adjustments to a price, such as in sales, marketing, or financial discussions. Example: "The company is considering modifying the price of their product to attract more customers."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

To those hunting for bargains, street becomes an attributive noun modifying price, meaning "what it actually is selling for, no matter what the price tag says".

The New York Times - Magazine

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

He devised a modified price-to-earnings ratio for shares which used a rolling ten-year average of earnings instead of current earnings.

The Economist

"We want to investigate whether firms use data to modify prices offered to consumers, if this is harmful, where the boundaries of acceptable conduct are, and if consumer protection legislation is being breached," the agency said in a statement last week.

The New York Times

Others are modifying the price adjustment based on the seniority of the employee holding the option.

The New York Times

Some of the strongest controls on resale prices are being imposed in Nassau County by the Town of Oyster Bay, although the town is in the process of modifying its price restrictions.

The New York Times

"A monthly pass costs 9500HUF (about 30EUR) and he modified the price to 50HUF," wrote Laszlo Marai in his post on the attack.

TechCrunch

Several researchers have adapted the template to work best in their situation, such as: modifying timber prices from a stumpage basis to a mill basis; adding more product classes; or adding more analyses of land or other factors.

New Zealand Journal of Forestry Science

The regulator said all big grocers had agreed to modify their pricing, but Asda was the only one asked to provide a written commitment to industry guidelines.

The Guardian - Business

Oracle said that one way it hoped to keep the competition at arm's length was to modify the pricing structure it has used for the last two fiscal years.

The New York Times

According to Equilar, which collected data for The New York Times on companies' repricing activities, at least 25 companies modified option prices in the first three months of the year, either directly or indirectly by allowing employees to exchange options for new ones with lower exercise prices.

The New York Times

Told that several commission members said they expected the modified congestion pricing plan to emerge as the commission's recommendation, Mr. Shaw said, "I think that you're hearing an accurate rendition of how people have responded thus far to the various options".

The New York Times

Expert writing Tips

Best practice

When discussing pricing adjustments, be specific about the reasons and methods for "modifying price". For example, instead of saying "We are modifying price", specify "We are modifying price due to increased material costs".

Common error

Avoid using "modifying price" without providing context. Clearly state the factors influencing the modification, such as market conditions, competition, or production costs.

Linguistic Context

The phrase "modifying price" functions as a verb phrase followed by a noun, indicating an action performed on the price of something. As Ludwig AI states, this phrase is usable in written English. The examples show it describes changes or adjustments to a price.

Expression frequency: Rare

Frequent in

News & Media

30%

Science

30%

Formal & Business

15%

Less common in

Academia

5%

Encyclopedias

5%

Wiki

15%

Ludwig's WRAP-UP

In summary, the phrase "modifying price" refers to the act of changing or adjusting the price of something, as confirmed by Ludwig AI. While grammatically correct, it's a relatively rare expression. It appears in various contexts, including news, science, and business. For clarity, it's advisable to provide specific reasons for the price modification. Alternatives like "adjusting price" or "altering price" may also be suitable depending on the context. The sources suggest it has a neutral register, making it appropriate for professional and general communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

adjusting price

Focuses on the act of making minor changes to a price, suggesting a fine-tuning process.

altering price

Indicates a more significant change to the price, implying a complete transformation.

revising price

Suggests a re-evaluation of the price, potentially leading to a modification based on new information.

changing price

A general term for making a price different from what it was before.

varying price

Implies that the price is subject to change or fluctuation, often depending on certain factors.

modifying pricing strategy

Expands the scope to include the overall approach to setting and changing prices, not just the price itself.

adjusting pricing

Similar to adjusting price, but with a slightly broader implication of managing the overall pricing scheme.

re-pricing

Implies setting a new price, often after a period of analysis or market change.

updating price

Indicates bringing the price to the current market value or demand.

influencing price

Focuses on affecting the price, whether directly or indirectly, through various factors.

FAQs

What does "modifying price" mean?

"Modifying price" refers to the act of changing or adjusting the cost of a product or service. This can be done for various reasons, such as responding to market conditions, competition, or changes in production costs.

What are some alternatives to saying "modifying price"?

Alternatives include "adjusting price", "changing price", "revising price", or "altering price". The best choice depends on the specific context and the degree of change involved.

How does market demand influence decisions about "modifying price"?

High demand might lead to increasing the price, while low demand might necessitate lowering it to attract more customers. Companies often analyze demand elasticity before "adjusting pricing" to maximize revenue.

In what situations might a company consider "modifying price"?

A company might consider modifying the price in response to changes in competitor pricing, fluctuations in the cost of raw materials, seasonal demand shifts, or the introduction of new product features.