Pricing Strategies

5 words in this vocabulary list

noun a word that represents a person, place, thing, or idea

adjective a word that describes or modifies a noun

  • The company is offering the product at a low price to attract more customers.
  • I found this amazing dress at a low price in the clearance section.
  • I scored these sneakers for a steal, they were at such a low price!
  • The artist's talent is being sold at a low price in the current art market.

noun a price that is too high

verb to set a price that is too high

  • The consumer protection agency found that the store was intentionally overpricing their products.
  • I can't believe they're trying to overprice those sneakers, they're not even that special.
  • That store is always trying to rip people off by overpricing everything.
  • His ego is so inflated, it's like he's overpricing himself in the dating market.

adjective a word that describes or modifies a noun, in this case, 'overpriced' describes something that is priced too high

  • The designer handbag was significantly overpriced compared to similar options on the market.
  • I can't believe how overpriced that concert ticket was!
  • That new restaurant is way too bougie and overpriced for my taste.
  • His ego is so inflated, it's like he's selling himself at an overpriced rate.

noun a pricing strategy where prices are adjusted in real-time based on various factors such as demand, competition, and other market conditions

  • Many companies use dynamic pricing strategies to adjust prices based on market demand and other factors.
  • Online stores often change their prices using dynamic pricing to attract more customers.
  • Some companies play around with their prices using dynamic pricing to see what works best.
  • Dynamic pricing is like a chameleon, constantly adapting to its surroundings to survive in the market.