preferential price

USAGE SUMMARY

The phrase 'preferential price' is correct and can be used in written English.
You can use this phrase to refer to a price that is discounted or lower than usual. For example, "If you sign up for the yearly membership, you will get a preferential price of $5.99 per month."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

9 human-written examples

Venezuela supplies about half of Cuba's oil needs at a preferential price, and purchase of the services of Cuban doctors accounts for something like 20% of Cuba's current annual earnings.

The Guardian - Opinion

To maximize electricity sales, an electricity company sells electricity at a preferential price.

Journal of Modern Power Systems and Clean Energy

Moreover, additional biases can arise from the pricing plans of the operator, putting a preferential price for SMSs or for voice calls, thus influencing the behavior of the users that opted for such a pricing plan [16].

EPJ Data Science

Based on the given CBP, the VER aggregating a great number of customers can get a preferential price while contracting with the electricity company directly, which compensates for the discount offered to customers.

Journal of Modern Power Systems and Clean Energy

When the preferential price is not accommodated by the electric company, the VER can also afford to compensate for the CBP cost from its profits or by receiving funding from its direct sponsors.

Journal of Modern Power Systems and Clean Energy

In addition, Bio-Rad LaboratorindirectlyMunich, Germany) indirectly funded this project through a preferential price for HPLC consumables.

BioMed Research International

Human-verified similar examples from authoritative sources

Similar Expressions

51 human-written examples

Communist-bloc countries sold goods at preferential prices.

The New Yorker

Clearly, I would find preferential pricing dandy if I were being preferred.

The New York Times - Magazine

The merger meant Caremark customers could be pushed into CVS stores with preferential pricing.

The New York Times

Hoffman-LaRoche has come up with a "preferential pricing list" for African nations, according to Kellie McLaughlin, a spokeswoman.

The New York Times

In April 2015, Majestic bought Naked Wines, an online retailer that lets subscribers fund independent winemakers in exchange for purchases of exclusive bottles at preferential prices.

The Guardian - Business

Expert writing Tips

Best practice

When negotiating contracts, specifically request a "preferential price" by demonstrating long-term value or strategic partnership potential to the vendor.

Common error

Don't use "price preference" when you mean "preferential price". "Price preference" refers to a bias toward a certain price point, while "preferential price" is a discounted or special rate offered to select customers.

Linguistic Context

The phrase "preferential price" functions as a noun phrase where the adjective "preferential" modifies the noun "price". This indicates a specific type of price that is more favorable than the standard or regular price. Ludwig AI confirms the grammatical correctness and usability of this phrase.

Expression frequency: Uncommon

Frequent in

Science

40%

News & Media

35%

Formal & Business

25%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "preferential price" is a grammatically sound and usable term that describes a price more favorable than the standard rate. As highlighted by Ludwig, it is frequently used in science, news, media and business contexts. While not as common as more generic terms like "discounted price", "preferential price" implies a specific agreement or special relationship that warrants the lower cost. Be sure to use "preferential price" to indicate a pricing arrangement that benefits one party over another and avoid confusing it with terms like "price preference". Remember, using the correct terminology enhances clarity and professionalism in your writing.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

discounted price

Focuses on the reduction from a standard price.

special price

Emphasizes that the price is not generally available.

favorable price

Highlights the advantageous nature of the price.

reduced rate

Uses "rate" instead of "price", often applicable to services.

lower cost

Replaces "price" with the more general term "cost".

bargain price

Implies that the price is exceptionally low and a good deal.

wholesale price

Refers to the price typically offered to retailers for resale.

subsidized price

Indicates that the price is partially covered by a subsidy.

courtesy discount

Suggests a discount given as a favor or gesture of goodwill.

member's price

Implies that the special price is only available for people who are members of a specific group.

FAQs

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

You can use "preferential price" to describe a lower or more advantageous price offered to someone. For example, "Because of our long-standing relationship, we receive a "preferential price" on raw materials."

What's the difference between "preferential price" and "discounted price"?

While both refer to a reduced cost, "preferential price" often implies a special agreement or relationship, while "discounted price"/"discounted price" can be a general markdown for everyone.

What are some alternatives to using "preferential price"?

Depending on the context, you could use alternatives such as "special price", "favorable price", or "reduced rate".

In what situations would I use "preferential price"?

You'd use "preferential price" to describe a pricing arrangement that benefits one party over others, often due to a specific agreement, relationship, or status. For example, a company offering a "preferential price" to its key suppliers.