What is another word for pricing system?
Pronunciation: [pɹˈa͡ɪsɪŋ sˈɪstəm] (IPA) 
A pricing system is a key component of a business's strategy that determines how products or services are valued for purchase. Synonyms for the term pricing system include pricing model, pricing strategy, pricing plan, pricing mechanism, pricing structure, and pricing framework. The various synonyms highlight the different approaches businesses take when determining the price of their goods and services. For instance, a pricing strategy may refer to pricing based on value or cost, while a pricing model may involve usage-based or volume-based pricing. The different synonyms allow businesses to create pricing plans that align with their goals, whether it is to increase profitability, compete with rivals, or meet market demand.
