reasonableness of prices

USAGE SUMMARY

The phrase "reasonableness of prices" is correct and usable in written English.
It can be used when discussing the fairness or appropriateness of pricing in a particular context, such as in business or economics. Example: "The reasonableness of prices in this market is crucial for maintaining customer trust and satisfaction."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

At INESSS, the five factors defined by legislation that must be considered when preparing drug funding recommendations for the Minister of Health are: therapeutic value, reasonableness of price, cost effectiveness, the advisability of entering the drug on the list, and its impact on the health and social services system.

ClinicoEconomics and Outcomes Research

Bayer argued that the reasonableness of the price should reflect the development costs, not only the public's buying power.

The New York Times

"Serious questions remain regarding the reasonableness of the price the government agreed to pay in this noncompetitive process," Mr. McCain wrote last Thursday to John W. Warner, chairman of the Senate Armed Services Committee, and Carl Levin, the ranking Democrat on the committee.

The New York Times

These literature discuss the reasonableness of the representations in terms of visibility and depth perception.

IPSJ Transactions on Computer Vision and Applications

A range of thresholds have been proposed or have been implicitly used in other countries to evaluate the reasonableness of costs per quality adjusted life year, and almost all are over $A32,000 in 2005 prices [ 37].

BMC Health Services Research

Logic affirms the reasonableness of such action.

The Guardian - Opinion

Sen's book argues for the reasonableness of that bewilderment.

The New York Times - Books

Say what you will about the reasonableness of those rules.

The New York Times

"I can't guarantee the reasonableness of the mayor.

The New York Times

Whatever the reasonableness of that approach, the practical effect of the change was to keep the housing bubble from affecting reported inflation rates in the years leading up to the peak in home prices.

The New York Times

This caused the mask of reasonableness of the Corbynista leadership to slip even further.

The Guardian

Expert writing Tips

Best practice

When discussing price strategies, ensure you clearly define the parameters for judging "reasonableness", such as market comparisons or cost-plus calculations.

Common error

Avoid assuming everyone shares the same perception of what constitutes a "reasonable" price. Explicitly state your criteria to prevent misunderstandings.

Linguistic Context

The phrase "reasonableness of prices" functions as a noun phrase, typically serving as the subject or object in a sentence. It refers to the degree to which prices are considered fair, justifiable, or appropriate. As Ludwig AI suggests, the phrase is grammatically correct and usable.

Expression frequency: Missing

Frequent in

Science

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News & Media

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Formal & Business

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Less common in

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Ludwig's WRAP-UP

In summary, "reasonableness of prices" is a grammatically correct noun phrase used to assess the fairness and justification of costs. While Ludwig AI affirms its usability, it's frequency is rare, with no examples in the data set. Its purpose is to evaluate costs in economic, ethical, or legal contexts, appropriate for professional and news settings. Consider related phrases like "fairness of prices" or "justification of prices" to expand your lexical choices.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

fairness of prices

Replaces "reasonableness" with "fairness", focusing on equity and justice in pricing.

justification of prices

Emphasizes the need for a valid reason or explanation for the price levels.

appropriateness of prices

Focuses on whether the prices are suitable or fitting for the given context or product.

validity of prices

Examines whether the prices are sound, well-founded, and based on factual evidence.

acceptability of prices

Addresses whether the prices are likely to be agreed upon or tolerated by consumers or stakeholders.

suitability of prices

Highlights if the prices are well-matched or appropriate for the product's quality and market.

defensibility of prices

Focuses on whether the prices can be justified or upheld against scrutiny or criticism.

ethicality of prices

Evaluates whether the pricing practices align with moral principles and standards.

equilibrium of prices

Focuses on whether the prices reflects a state of balance between supply and demand.

affordability of prices

Emphasizes whether the prices are within the financial means of the target consumers.

FAQs

How can I assess the "reasonableness of prices" in a market?

You can evaluate the "reasonableness of prices" by comparing them to competitor pricing, production costs, and the perceived value offered to consumers. Consider factors like market demand and economic conditions.

What factors influence the "reasonableness of prices" in healthcare?

In healthcare, the "reasonableness of prices" is influenced by research and development costs, regulatory requirements, and the potential impact on patient outcomes. Ethical considerations and access to care also play significant roles.

What are some alternatives to the phrase "reasonableness of prices"?

You can use alternatives like "fairness of prices", "justification of prices", or "appropriateness of prices" depending on the context.

How does the concept of "reasonableness of prices" relate to consumer protection laws?

Consumer protection laws often address the "reasonableness of prices" to prevent price gouging or unfair pricing practices. These laws aim to ensure that consumers are not exploited by excessive or unjustified prices.