pricing system
1
3.2
- noun
:
sistema de precios
- The restaurant's new pricing system has made dining more affordable for families.
- dual pricing system
- unit-based pricing system
- two-tier pricing system
Examples
-
Flawed pricing systems for waste disposal are at the core of most solid waste problems.
Academic text (1992) -
Implementing an attractive and fair pricing system that can encourage people to use public transportation.
-
On the other side were many who felt that doing away with the pricing system would be unfair to old people.
Academic text (2000) -
Otherwise, the lead times are too long, the investment too high, and the pricing system too unstable.
Blog text (15) -
The question ought to be whether the pricing system used is suited to the business model of their customers.
Blog text (25) -
Great care must be taken in designing a water pricing system for agriculture.
Academic text (2003) -
In effect, a two-tiered pricing system was agreed upon.
Academic text (2000) -
We are able to show in this paper that the pricing system does meet its redistributive objectives.
Academic text (1991) -
There are public expectations that some new water pricing system should solve all of these problems, yet this is simply not feasible.
Academic text (2008) -
A pay-as-you-throw (PAYT) pricing system has been in place since 1961 in Olympia, Washington (pop. 38,000).
Academic text (1998)
Synonyms
127
2.6
To decide how much to charge for a product or service
How Complex
Surface Forms
Morphology
The meaning 'a method or arrangement used to determine prices' is directly and transparently derived from combining 'pricing' (the method of setting prices) with 'system' (a formalized set of rules or procedures). This noun–noun compositional pattern is common in English and parallels constructions in other languages, so a B1 learner who knows both constituents will readily understand the MWE.
Etymology
Pricing system comes from the simple idea of a plan shops use to set costs: pricing means setting a price and system means a set of rules or steps. Imagine a shop with a board that shows 'how much to charge' for each item, so the phrase means 'a method for deciding prices'.