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What is another word for price determination?

Pronunciation: [pɹˈa͡ɪs dɪtˌɜːmɪnˈe͡ɪʃən] (IPA)

Price determination refers to the process of setting or establishing the price of goods or services. Several synonyms can be used for this term, such as pricing strategy, cost analysis, price setting, pricing model, value assessment, and pricing approach. Price determination is a crucial aspect of business operations since it helps companies determine the amount of money they should charge for their products or services. Pricing strategy is particularly important since it impacts sales volume, profit margins, and competitiveness. Therefore, businesses must have a comprehensive understanding of their market, target audience, and competitive landscape to develop an effective pricing strategy that maximizes profit and customer value.
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Synonyms for Price determination:

What are the hypernyms for Price determination?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

  • Other hypernyms:

    pricing, cost assessment, Cost estimation, value assessment, value setting.

Related words: price determinants, price determination in econometrics, price determination in economics, price determination in the philippines, price determination on the futures market, price determination in the united states, price determination model

Related questions:

  • What determines the price of a stock?
  • How is the price of gas determined?
  • How does a country determine its currency's value?

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