test price

USAGE SUMMARY

The phrase "test price" is correct and usable in written English.
It can be used when referring to a price set for the purpose of evaluation or experimentation, often in a marketing or sales context. Example: "We will implement a test price for the new product to gauge customer response before the official launch."

✓ Grammatically correct

Science

News & Media

Wiki

Human-verified examples from authoritative sources

Exact Expressions

8 human-written examples

It's really hard to test price.

TechCrunch

The sugar industry was the pivotal reference to test price transmission.

Agricultural and Food Economics

Last but not least, part of this debate is around the methods to test price transmission, which is inexorably evolving since decades.

Agricultural and Food Economics

In order to bring this financial washback to minimum, especially for test repeaters, the participants of this study recommended that the test price should be reconsidered, the test should be made modular, and the best result in each module in any two or more IELTS tests taken in the last 2 years should be accepted.

Language Testing in Asia

grams Price per gram Significant on-premise Stockwell et al. (1993) [95] Any, 6/4+ drinks Price specials Not significant Thombs et al. (2008, 2009 [96,97]] Breath test Price specials Fixed fee signif., others not Wagoner et al. (2012) [98] Any, 5/4+ drinks Free drinks Significant Price-binge relationships are judged using a 95% confidence interval (p ≤ 0.05) for statistical significant.

Health Economics Review

To lessen this financial effect, the participants of this study recommended that the test price should be reconsidered, the test should be modular and the best result in each module in any two or more IELTS Tests taken in the last two years should be accepted.

Language Testing in Asia

Human-verified similar examples from authoritative sources

Similar Expressions

52 human-written examples

Andy Atherton, Optivo's co-founder and vice president for business development, said the company preferred to let its clients "test prices sequentially, so they can understand demand without annoying customers".

The New York Times

Gene test prices could drop, becoming a low-margin commodity like medical blood tests (cholesterol, blood sugar and so on), which, at a few bucks a pop, are a $40 billion business.

Forbes

PPRT is cost-effective, with a single test priced around €0.75, compared with around €1.2 for a triplex PRT.

Plosone

Evidence is also ambiguous about patent effects on test prices [ 8], basic research and the degree to which patents have created incentives for genetic test development for the majority of Mendelian genetic disorders.

Genome Medicine

Unit costs were based on data from Yang et al. 13 The US payer cost for Mammostrat® was set at $2,650 and for Oncotype DX® at $4,290 (based on the latest public information on test pricing) (Table 4).

ClinicoEconomics and Outcomes Research

Expert writing Tips

Best practice

When using the phrase "test price", clearly define the duration and scope of the test to avoid confusion. Ensure customers understand it's a temporary or experimental price.

Common error

Don't solely rely on "test price" results to predict future demand. Consider external factors like seasonality, competition, and economic conditions, which can influence long-term pricing strategies.

Linguistic Context

The phrase "test price" functions as a noun phrase, typically used as a compound noun. It identifies a specific type of price that is used for experimental or evaluative purposes. Ludwig provides examples across various domains, illustrating its widespread usage.

Expression frequency: Uncommon

Frequent in

News & Media

37%

Science

37%

Wiki

6%

Less common in

Formal & Business

5%

Academia

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "test price" is a grammatically sound and understandable term for describing a price used for experimentation. Ludwig AI confirms its usability across various contexts. While its frequency isn't overwhelmingly common, it appears frequently in news, scientific, and business domains, serving the purpose of analyzing market response and informing future pricing strategies. When employing a "test price", clarity regarding the test's duration and parameters is crucial to avoid customer misunderstanding. Alternatives like "trial price" or "experimental price" may offer greater precision depending on the context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

experimental price

Replaces "test" with "experimental", emphasizing the trial nature of the price.

trial price

Substitutes "test" with "trial", suggesting a price offered during a trial period.

introductory price

Uses "introductory" instead of "test", indicating a lower price for a limited time.

promotional price

Replaces "test" with "promotional", highlighting a price offered as part of a promotion.

preliminary price

Uses "preliminary" to convey that the price is subject to change after testing.

market test price

Adds "market" to specify the context of the price test.

evaluation price

Replaces "test" with "evaluation", focusing on assessing the price's effectiveness.

pilot price

Uses "pilot" to suggest the price is being used in a limited-scale test.

initial price offering

A more formal way of indicating the first price at which something is offered.

exploratory price point

Uses "exploratory price point" to emphasize the investigative aspect of the pricing strategy.

FAQs

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

You might say, "We implemented a "test price" to gauge customer reaction to the new product line," or "The company plans to set a "test price" before the official launch."

What is an alternative to using the phrase "test price"?

You can use alternatives like "trial price", "experimental price", or "introductory price" depending on the specific context.

What is the difference between "test price" and "introductory price"?

While both involve setting a price for a new product or service, a "test price" focuses on evaluating the market's response for future pricing decisions, while an "introductory price" is typically a lower price offered for a limited time to attract initial customers.

When is it appropriate to use a "test price"?

Using a "test price" is appropriate when launching a new product, entering a new market, or considering changes to an existing pricing strategy. It helps gather data and understand customer behavior before committing to a long-term price point.