Pricer: meaning, definitions and examples

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pricer

 

[ ˈpraɪsər ]

Noun / Verb
Context #1 | Noun

online shopping

A pricer is a person or software that determines the price of products or services, often based on market trends, competition, and cost of production.

Synonyms

cost analyst, price setter, pricing specialist.

Which Synonym Should You Choose?

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Word Description / Examples
pricer

Typically used in retail or sales settings. It refers to a person who assigns prices to goods and services. It has a broad, informal usage.

  • The pricer adjusted the cost of the seasonal items before the sale.
  • We rely on our pricer to keep our products competitively priced.
pricing specialist

Mainly used in a corporate or business environment. It refers to a professional who specializes in developing pricing strategies and structures for products or services, often using data and market insights.

  • The pricing specialist developed a new pricing model to attract more customers.
  • As a pricing specialist, he conducts market analysis to set competitive rates.
price setter

Typically used in economic or market analysis settings. It refers to an entity or person that determines the market price for goods or services, often considering broader economic factors.

  • In monopolistic markets, the company acts as the primary price setter.
  • The government can sometimes act as a price setter for essential commodities.
cost analyst

Used in more formal or professional environments, particularly in finance and accounting. This role involves analyzing costs and expenses to help organizations make informed budgeting and financial decisions.

  • The cost analyst reviewed the production expenses to identify areas for potential savings.
  • Our company hired a cost analyst to optimize our spending strategy.

Examples of usage

  • The pricer algorithm automatically adjusts the prices of items in real-time.
  • The online store hired a team of pricers to analyze market data and set competitive prices.
Context #2 | Noun

retail industry

In retail, a pricer is a label or tag attached to a product that displays its price.

Synonyms

label, price tag, tag.

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Word Description / Examples
pricer

Used to refer to a person or device that determines the price of goods. Often mentioned in retail or business settings.

  • The pricer has updated the cost of all items in the store.
  • We need to consult the pricer before finalizing our pricing strategy.
price tag

Used to refer specifically to the small piece of paper or sticker attached to a product that displays its price. Commonly mentioned in retail contexts.

  • I can't find the price tag on this shirt.
  • The price tag suggests that this handbag is quite expensive.
label

Used for a piece of paper, plastic, or other material that provides information about a product, including its price, ingredients, or manufacturer. Common in everyday shopping and product management.

  • Please check the label for the ingredients before buying.
  • The label on this bottle shows it was made in Italy.
tag

A general term for any piece of paper, plastic, or other material attached to an item that gives information about it. Can be used in various contexts including fashion, retail, and software.

  • The tag on this dress says it needs to be dry-cleaned.
  • Remove the tag after you buy the item.

Examples of usage

  • The pricer on the shelf showed that the item was on sale.
  • The cashier scanned the pricer on the clothing item to ring up the price.
Context #3 | Verb

informal

To pricer something means to assign a price to it.

Synonyms

determine the cost of, price, set the price of.

Which Synonym Should You Choose?

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Word Description / Examples
pricer

This is a less common term, often used informally to refer to a person or tool that sets prices. It can sometimes carry an unprofessional or casual connotation.

  • The pricer at the supermarket accidentally marked everything too low.
  • We need a new pricer for our website to ensure our prices are accurate.
price

This word is often used to indicate assigning a monetary value to an item or service, commonly in a retail or sales setting.

  • Can you price these new items before we display them in the store?
  • We need to price the vintage car carefully to attract collectors.
set the price of

This phrase is used when establishing the cost at which something will be sold, often involving a decision-making process.

  • They will set the price of the new smartphone next week.
  • The board will set the price of the company’s stocks after the meeting.
determine the cost of

This phrase is typically used when calculating or figuring out the expense associated with something, often in more formal or technical contexts.

  • We need to determine the cost of manufacturing the new product.
  • Before moving forward, let's determine the cost of the entire project.

Examples of usage

  • The artist decided to pricer her paintings based on the size and complexity of each piece.
  • He asked his friend to help him pricer the items for the garage sale.

Translations

Translations of the word "pricer" in other languages:

🇵🇹 preçador

🇮🇳 मूल्य निर्धारक

🇩🇪 Preisbestimmer

🇮🇩 penentu harga

🇺🇦 ціновизначник

🇵🇱 określający cenę

🇯🇵 価格設定者

🇫🇷 déterminateur de prix

🇪🇸 determinador de precios

🇹🇷 fiyat belirleyici

🇰🇷 가격 결정자

🇸🇦 محدد الأسعار

🇨🇿 určovatel cen

🇸🇰 cenu určujúci

🇨🇳 定价者

🇸🇮 določitelj cen

🇮🇸 verðákvarðandi

🇰🇿 бағаны анықтаушы

🇬🇪 ფასების განმსაზღვრელი

🇦🇿 qiymət təyin edən

🇲🇽 determinador de precios

Etymology

The word 'pricer' originates from the noun 'price,' which comes from the Old French 'pris' meaning 'value, worth.' Over time, 'pricer' has evolved to encompass both the concept of setting prices and the physical labels displaying them. The term is commonly used in the context of retail, e-commerce, and pricing strategies.

See also: overprice, overpriced, overpricing, precious, price, priceless, prices, pricey, underprice, underpriced.