range of cost

USAGE SUMMARY

The phrase "range of cost" is correct and usable in written English.
You can use it to describe a variety of different prices that are available for a certain item, service, or activity. For example, "The company offers a wide range of cost options for their services, ranging from the most basic to the most expensive."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

34 human-written examples

If the former, how could the range of cost claims be so wide?

The New York Times

She said she would resist increasing payroll taxes or cutting benefits until trying a broad range of cost controls.

The New York Times

"Shortly after the CAS decision, the board and administration implemented serious measures to respond to these challenges, including a range of cost cutting measures and identifying greater efficiencies across the business.

The Guardian - Sport

The normalized uncertainty range of cost is (0.68, 0.85) for LTP and (0, 0.54) for LCUP.

Journal of Modern Transportation

The actual range of cost (in USD) along with its scale values and interpretations is given in Table 3.

Journal of Industrial Engineering International

Thus individuals attach a value to the range of cost variation to varying extent according to the elicitation method.

European Transport Research Review

Human-verified similar examples from authoritative sources

Similar Expressions

25 human-written examples

In January INM released a trading statement revealing a range of cost-cutting measures to reduce debt, which included a promise to "eliminate any loss-making businesses".

The Guardian

FT staff were also given the opportunity to work a three-day week, one of a range of cost-cutting measures introduced in the past 12 months.

The Guardian

This stalemate comes just as a new range of cost-effective, evidence-based approaches to prevention, treatment and the criminal justice system are within our reach.

The New York Times

Part taxpayer-owned Royal Bank of Scotland is ditching its Christmas party subsidy for investment bankers as part of a range of cost-cutting measures.

Independent

Apart from selling new shares to cut debts, Glencore has also announced a range of cost-cutting measures, including selling some assets and suspending production at copper mines in Zambia and the Democratic Republic of Congo.

The Guardian - Business

Expert writing Tips

Best practice

When describing the "range of cost", specify the units (e.g., USD, EUR) and context (e.g., per unit, annually) to avoid ambiguity.

Common error

Avoid using overly broad ranges without supporting data. Providing a vague "range of cost" without specifics diminishes credibility and practical value. Always aim for well-supported, contextualized estimates.

Linguistic Context

The phrase "range of cost" functions primarily as a noun phrase, acting as a subject or object within a sentence. It describes the extent or scope of expenses related to a particular item, project, or service. Ludwig AI confirms its correct usage in various contexts.

Expression frequency: Common

Frequent in

Science

40%

News & Media

30%

Formal & Business

15%

Less common in

Encyclopedias

5%

Wiki

5%

Reference

5%

Ludwig's WRAP-UP

In summary, "range of cost" is a commonly used noun phrase that effectively conveys the variation in expenses. Ludwig AI validates its grammatical correctness and appropriateness in various contexts. It's most frequently encountered in scientific, news, and formal business settings. When using this phrase, provide specific units and context to enhance clarity and avoid overly broad generalizations. Alternatives such as "cost spectrum" or "price range" can add nuance depending on the specific message you intend to communicate. Remember, accuracy and clarity are paramount when discussing costs.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

cost spectrum

Uses 'spectrum' to emphasize the distribution of costs.

price range

Focuses on the pricing aspect, suitable when discussing retail or market values.

cost bracket

Implies costs are grouped into specific tiers or categories.

scale of expenditure

Highlights the magnitude of spending involved.

level of expense

Emphasizes the degree or intensity of financial outlay.

financial scope

Suggests the breadth and limit of monetary considerations.

economic magnitude

Relates to the overall economic impact or importance of costs.

expenditure boundaries

Focuses on the limits within which expenses are contained.

financial parameters

Highlights the financial measures or constraints.

fiscal dimensions

Emphasizes the broader fiscal or governmental aspect of cost.

FAQs

How can I use "range of cost" in a sentence?

You can use "range of cost" to describe the span of possible expenses, as in, "The project's "range of cost" estimates varied due to fluctuating material prices".

What phrases are similar to "range of cost"?

Similar phrases include "price range", "cost spectrum", or "level of expense", each emphasizing different aspects of cost variation.

How do I accurately present a "range of cost" in a report?

Ensure you specify the parameters affecting the "range of cost", such as materials, labor, and potential unforeseen expenses. Use data-backed estimates to provide credible figures.

What's the difference between "range of cost" and "average cost"?

"Range of cost" refers to the variation between minimum and maximum expenses, while "average cost" is the typical expense, calculated by summing all costs and dividing by the number of items or services.