set the price

USAGE SUMMARY

"set the price" is correct and usable in written English.
You can use it in a variety of contexts, such as when discussing setting a cost for a product or service. For example: "We need to set the price for our new line of camping gear before launching it to the public."

✓ Grammatically correct

News & Media

Academia

Science

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

(Local councils set the price).

The New York Times

"We set the price.

The Guardian

They set the price at $21 million.

The New York Times

The auction will set the price.

The New York Times

The marketplace would set the price.

The New York Times

Then there's the government could set the price.

Yale University

"The scalper doesn't need the ticket to set the price.

The New York Times

I set the price of gas at $3.80 a gallon.

The New York Times

The judge set the price at $966,027.

The New York Times

"We set the price at an affordable level.

The Guardian

It is up to them to set the price.

The Guardian - Travel

Expert writing Tips

Best practice

When writing about setting prices, consider your audience and choose a verb that accurately reflects the context. For example, use "establish" for formal settings and "name" for informal ones.

Common error

Avoid setting prices arbitrarily. Instead, conduct thorough market research to understand customer willingness to pay and competitor pricing strategies.

Linguistic Context

The phrase "set the price" functions as a verb phrase. It indicates the action of establishing or determining the monetary value of a product, service, or item. Ludwig AI confirms its correct and usable nature in diverse writing scenarios.

Expression frequency: Very common

Frequent in

News & Media

45%

Academia

25%

Science

15%

Less common in

Formal & Business

5%

Wiki

5%

Reference

5%

Ludwig's WRAP-UP

In summary, the phrase "set the price" is a grammatically sound and frequently used verb phrase that means to establish or determine the monetary value of something. Ludwig AI confirms its versatility across various contexts, primarily in news, academic, and scientific domains. While suitable for formal and informal communications, effective pricing involves market research to align with customer expectations and competitive landscapes. Consider using alternatives like "determine the price" or "establish the price" for a slightly different emphasis. Overall, "set the price" is a reliable and practical term in discussions related to commerce and economics.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

determine the price

Focuses on the process of figuring out the price, rather than just establishing it.

establish the price

Emphasizes the creation or official setting of a price.

fix the price

Suggests a more rigid or controlled setting of the price.

decide on the price

Highlights the decision-making aspect of setting a price.

name the price

Implies announcing or stating the price.

quote a price

Refers to providing a specific price, often in response to a request.

charge a price

Focuses on the action of asking for a specific amount for a product or service.

put a price on

Emphasizes the act of assigning a value to something.

value at a price

Highlights the appraisal or estimation of worth concerning price.

price something at

Involves the direct act of assigning a price level to an item.

FAQs

What's a formal way to say "set the price"?

In a formal context, you can use phrases like "establish the price" or "determine the price".

How do you "set the price" effectively?

Effective pricing involves considering factors like production costs, competitor prices, and customer demand. Balancing these elements helps to "set the price" strategically.

Can I use "determine the cost" instead of "set the price"?

While "determine the cost" and "set the price" are related, "determine the cost" focuses on calculating expenses, whereas "set the price" involves establishing the selling price, which includes profit margins.

Who typically "sets the price" in a business?

The responsibility for "setting the price" usually falls to the marketing team, sales team, or management, depending on the size and structure of the organization.