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Priced: meaning, definitions and examples

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priced

 

[praɪst ]

Definition

Context #1 | Verb

market value

The term 'priced' refers to the act of determining or declaring the value of a product or service, usually in monetary terms. This process often considers various factors, including production costs, market demand, and competitor pricing. The priced value can influence consumer behavior and sales strategies. It can also refer to the assignment of a value to any good or service, as well as its market competitiveness.

Synonyms

costed, rated, valued.

Examples of usage

  • The new smartphone is priced competitively against similar models.
  • We have priced the tickets to ensure a sell-out event.
  • Many items are priced according to their quality and brand.
  • The designer handbag was priced at a premium due to its exclusivity.

Interesting Facts

Etymology

  • The word originated from the Old French 'pris', meaning 'value' or 'price', later adopted into English.
  • Its roots can be traced back to the Latin 'pretium', meaning 'price, worth', showing the idea of value has been around for centuries.

Economics

  • Pricing strategies can influence how much people want to buy something, whether it's a sale or a luxury item.
  • Supply and demand play a crucial role in determining how things are priced in the marketplace.
  • Different pricing techniques, like discount pricing or premium pricing, can target different customer groups.

Cultural Perspectives

  • In some cultures, haggling over price is common and expected, especially in markets.
  • Luxury brands price their products higher to create an image of exclusivity, influencing consumer behavior.

Psychology

  • Studies show that consumers often perceive higher-priced items as higher quality, regardless of the actual quality.
  • The 'decoy effect' explains how adding a higher-priced option can make a middle-priced item more appealing.

Technology

  • Online platforms often use algorithms to adjust prices in real-time based on demand and competitor pricing.
  • Dynamic pricing is a strategy where prices fluctuate based on various factors, including time, location, and demand.

Translations

Translations of the word "priced" in other languages:

🇵🇹 preço

🇮🇳 कीमत

🇩🇪 preis

🇮🇩 harga

🇺🇦 ціна

🇵🇱 cena

🇯🇵 価格

🇫🇷 prix

🇪🇸 precio

🇹🇷 fiyat

🇰🇷 가격

🇸🇦 سعر

🇨🇿 cena

🇸🇰 cena

🇨🇳 价格

🇸🇮 cena

🇮🇸 verð

🇰🇿 баға

🇬🇪 ფასი

🇦🇿 qiymət

🇲🇽 precio

Word Frequency Rank

Position #7,633 indicates this is an advanced-level word. While not essential for basic communication, it will enhance your ability to understand and create more nuanced content.