set price

USAGE SUMMARY

"set price" is correct and usable in written English.
You can use it when referring to the price that has been agreed upon for an item or service. For example, "We were able to come to an agreement and set the price for the painting at $500."

✓ Grammatically correct

News & Media

Wiki

Science

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Monopoly protects the ability to set price for profit.

The New York Times

It may also set price controls for patented drugs.

The Economist

What's more, there is no one set price for drugs.

The New York Times

The menu has a set price of $295 a person, excluding wine.

The New York Times - Food

But bidders had set price limits, and most weren't prepared to exceed them.

The New York Times

They can set price points and pick out locations, but no one knows who will ultimately knock on the door.

The New York Times

Other experiments introduced by CMS include paying a set price for a procedure and any medical complications that follow.

The Economist

You may want to set price reserves lower to facilitate sales, while developers want to get the highest prices.

The New York Times

Bundled payments pay a set price for an entire episode of care, rather than a fee for each service.

The Economist

We set price targets.

Forbes

Developers set price, and keep 70% of revenue.

TechCrunch

Expert writing Tips

Best practice

When using "set price", ensure that the context clearly indicates who is setting the price and for what purpose. For example, "The company will set price based on market demand."

Common error

Avoid using "set price" when the price is fluctuating or negotiable. In such cases, consider using phrases like "negotiate price" or "determine fair market value".

Linguistic Context

The phrase "set price" functions as a verb phrase followed by a noun, where "set" acts as a transitive verb indicating the action of establishing or fixing a price. Ludwig examples show its usage in contexts related to business and economics.

Expression frequency: Very common

Frequent in

News & Media

44%

Wiki

23%

Science

9%

Less common in

Formal & Business

7%

Encyclopedias

0%

Social Media

0%

Ludwig's WRAP-UP

In summary, "set price" is a grammatically correct and very common phrase used to describe the action of determining the cost of a product or service. Ludwig AI confirms its usability in various contexts. As highlighted by Ludwig examples, it's frequently found in news and media, wiki entries, and scientific documents. Remember to use "set price" when referring to the act of establishing a price, and consider alternatives like "determine the price" or "establish a price point" for nuanced meanings. Avoid using it when the price is fluctuating. By following these guidelines, you can confidently and accurately use "set price" in your writing.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

decide on the price

Focuses on the decision-making process leading to the price.

determine the price

Focuses on the act of deciding the price, rather than establishing it.

agree on a price

Highlights mutual agreement between parties on the price.

establish a price point

Highlights the strategic aspect of choosing a specific price level.

settle on the price

Suggests a final resolution or compromise on the price.

fix the cost

Emphasizes the immutability of the price once it's set.

define the pricing

Indicates a more formal or structured approach to pricing strategy.

stipulate the price

Suggests a contractual or legally binding agreement on the price.

name the price

Implies the act of announcing or declaring the price.

quote a price

Used when offering a price for goods or services.

FAQs

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

You can use "set price" to describe the act of establishing a price for goods or services. For example, "The retailer will set price based on competitor analysis".

What can I say instead of "set price"?

You can use alternatives like "determine the price", "establish a price point", or "fix the cost" depending on the context.

Is it correct to say "price is set" or "set price"?

Both are grammatically correct, but they have different meanings. "Price is set" indicates that the price has already been determined, while "set price" refers to the act of determining the price.

What's the difference between "set price" and "market price"?

"Set price" refers to a price that is deliberately established by a seller or governing body, while "market price" is the prevailing price in a market determined by supply and demand.