price justification

USAGE SUMMARY

"price justification" is correct and usable in written English. You can use it when discussing the rationale behind a specific price for a product or service. For example, "The price justification for the new software includes its advanced features and customer support." Alternative expressions include "cost rationale" and "pricing explanation."

✓ Grammatically correct

Formal & Business

News & Media

Academia

Human-verified examples from authoritative sources

Exact Expressions

6 human-written examples

The days of ex post facto price justification are over.

The New York Times

Contract Advisor will ensure that proper insurance, scope of work and source and price justification are sufficient.

Stanford University

If you purchase from an MIT Preferred Supplier, competitive quotes (Selection of Source & Price Justification form) are not required, and the buying process can be expedited.

Massachusetts Institute of Technology

That's within the price justification range of some of the 99 percenters!

TechCrunch

Also know that when you find something that fits the first 4 criteria the price justification will always be easy!

Huffington Post

Economic data was broken down into three types of evidence: price and price justification (#10); economic evaluation including impact of the new intervention on healthcare utilization and costs, and on society (#11); and impact of reimbursing the new intervention on the health plan budget (#12).

BMC Health Services Research

Human-verified similar examples from authoritative sources

Similar Expressions

54 human-written examples

That view is increasingly being echoed by politicians on the campaign trail and in calls for drug pricing justification and reforms.

The Guardian

Equally, when the prime minister used to say, by way of a drink-pricing justification: "It's just too easy for people to get drunk on cheap alcohol at home", there would invariably flash upon that inward eye an image of Mr Cameron, "chillaxing" on a Sunday, after what his biographers estimated to be "a few glasses of wine".

The Guardian - Opinion

Now, companies are beginning to drop the research cost justification and are instead saying their prices are simply based on market demand.

Vice

WHEN a company receives criticism about its executive pay practices, a typical defense is to cite a rising stock price as justification of its pay.

The New York Times

The low price was justification enough.

TechCrunch

Expert writing Tips

Best practice

When presenting a "price justification", always provide specific data points, such as cost breakdowns, market comparisons, and value assessments, to strengthen your argument.

Common error

Don't assume your audience automatically understands the "price justification". Explicitly outline the factors that contribute to the pricing to avoid confusion and build trust.

Linguistic Context

The phrase "price justification" functions primarily as a noun phrase. Ludwig AI indicates that it is used to identify the reasons or explanations that support a specific price point for a product or service. It is often used in business, economics, and finance contexts.

Expression frequency: Uncommon

Frequent in

News & Media

33%

Formal & Business

33%

Academia

17%

Less common in

Science

17%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "price justification" serves as a noun phrase primarily employed to articulate the reasons underpinning a specific price, Ludwig AI confirms. It finds relevance across formal business settings, news media, and academic discussions. When using the phrase, ensure transparency and data-driven support to build trust. Alternatives such as "cost rationale" or "pricing explanation" can be used for nuanced communication. Given Ludwig's analysis, demonstrating a clear understanding of the contributing factors to the price can significantly improve clarity and acceptance.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

cost rationale

Focuses more directly on the financial reasons supporting the price.

pricing explanation

Emphasizes the act of explaining how the price was determined.

value proposition

Highlights the benefits the customer receives in relation to the price paid.

basis for pricing

Similar, but highlights the foundation upon which the price is established.

pricing support

Suggests providing evidence or data that validates the pricing.

price validation

Emphasizes the act of proving that the price is justified or reasonable.

cost justification

Focuses more specifically on justifying the costs associated with the price.

reason for price

A more direct and simple way of asking why a price is what it is.

rationale behind cost

Explains the logical basis or reasoning behind the expense or financial burden.

underlying reasons for pricing

Highlights the more fundamental reasons driving the price setting decision.

FAQs

How can I effectively present a "price justification"?

To present a "price justification" effectively, clearly outline the factors influencing the price, such as production costs, market value, and competitive pricing. Use data and comparisons to support your claims and demonstrate the value offered for the price.

What are some alternatives to the phrase "price justification"?

You can use alternatives like "cost rationale", "pricing explanation", or "value proposition" depending on the specific context.

What makes a strong "price justification"?

A strong "price justification" is supported by clear and accurate data, considers market conditions, and directly addresses the value provided to the customer. It should be transparent and easy to understand.

Is it always necessary to provide a "price justification"?

While not always mandatory, providing a "price justification" can build trust with customers and stakeholders, especially when prices are higher than competitors or have increased significantly. It helps them understand the value they are receiving.