pricing model

Definition

noun
a computerised system for calculating a price, based on costs, anticipated margins, etc.

Use pricing model in a sentence

You should try to come up with a good pricing model that will help you to set the right price for your product.

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Our company uses a pricing model which takes costs and margins of error into consideration so that our clients will always receive an accurate quote.

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The executives all thought their new line of luxury cars was woefully overpriced but the pricing model said otherwise, and the computer was never wrong .

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