Pricing policy meaning in English
Learn how to use Pricing policy correctly with Gymglish.
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Definition
a pricing policy: an agreed company approach to prices, a decision concerning how much to sell items for
to price: to give a cost to, to decide how much something will be sold for
Examples
- "It took some convincing, but I have Gidyeon's word that his pricing policy will respect our suggested list prices from now on."
Exercise 1
Some words go together, for example: "business trip", "time management", "smelly feet".
Use the synonyms below to find common word combinations used in the text. The first one has been done for you.
Use the synonyms below to find common word combinations used in the text. The first one has been done for you.
"judicial proceedings"
legal action (2 words)
"negatively impacted"
(2 words)
"unlimited knowledge"
(2 words)
"cost strategy"
(2 words)
Some words go together, for example: "business trip", "time management", "smelly feet".
Use the synonyms below to find common word combinations used in the text. The first one has been done for you.
Use the synonyms below to find common word combinations used in the text. The first one has been done for you.
"judicial proceedings"
legal action (2 words)
"negatively impacted"
adversely affected 1 (2 words)
"unlimited knowledge"
infinite wisdom 2 (2 words)
"cost strategy"
pricing policy 3 (2 words)
1 adversely affected: This is correct. If something is adversely affected, it experiences a negative outcome. Example: Children are adversely affected by parents who smoke. It is a useful "word-partnership" that appears a lot. In the letter, Bruno hopes that Warbuckle's "sales weren't too adversely affected", which means he hopes Warbuckle's sales didn't suffer too much.
2 infinite wisdom: "Wisdom" is common sense or good judgment, often gained by experience. Example: Fortunately, I had the wisdom to start saving money for my old age when I was very young. The "word-partnership", "infinite wisdom" is often used in an ironic sense, as in the letter: "Krazy Gidyeon, in his infinite wisdom, has removed the page on his Website". Bruno really wants to say that Krazy Gidyeon is stupid!
3 pricing policy: A "policy" is a procedure or an approach. Therefore, a "pricing policy" is a company's strategy or plan or attitude to the prices they charge for their products. In the letter, Bruno reassures Warbuckle by writing "(Krazy Gidyeon's) pricing policy will respect our suggested list prices". This means that Gidyeon's approach to setting prices will conform to standard market practices.
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