priceanalysis
nounUK /ˈpraɪs əˌnæl.ə.sɪs/
US /ˈpraɪs əˌnæl.ə.sɪs/
Price analysis is when you look closely at how much things cost to understand them better.
The store owner did a price analysis to see which toys were too expensive.
RELATED WORDS
OTHER MEANINGS
2. A business method of comparing suppliers' prices to choose the best deal.
The company used price analysis to pick the cheapest paper supplier.
3. A way of checking if a price is fair by looking at similar items.
Her price analysis showed the bike was cheaper at the other shop.
4. The study of price patterns over time to predict future costs.
The price analysis showed that fruit costs more in winter.