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Meaning & use

dual pricing

noun·Academicbusiness

Last updated

UK/ˌdjuː.əl ˈpraɪ.sɪŋ/
US/ˌduː.əl ˈpraɪ.sɪŋ/

Meanings

  1. noununcountablebusiness

    A practice of selling the same product or service at two different prices, depending on who buys it or how they pay.

    Grammar: No article in general use: dual pricing is common in tourism.

    Patterns

    • dual pricing for something

    The museum uses dual pricing, with lower tickets for residents.

    Shops that practice dual pricing may charge extra for credit cards.

    Some countries ban dual pricing between locals and foreign visitors.

  2. noununcountablefinance

    A system where a product is displayed with prices in two currencies, usually during a switch to a new currency.

    Grammar: Often used in the context of a currency change.

    Patterns

    • dual pricing during something

    Shops used dual pricing when the new currency was introduced.

    Dual pricing helped customers understand the new values.

    The law required dual pricing for several months.

Common combinations

practice dual pricing
The attraction was accused of practicing dual pricing.
ban dual pricing
The government moved to ban dual pricing.
dual pricing system
The restaurant has a dual pricing system for cash and card.
dual pricing policy
Their dual pricing policy drew complaints.
dual pricing for tourists
Dual pricing for tourists is common at heritage sites.

Synonyms and how they differ

price discrimination
Price discrimination is the economics term for charging different groups different prices, and is broader than dual pricing.
two-tier pricing
Two-tier pricing is almost the same, but stresses separate levels for different customers.
differential pricing
Differential pricing is formal and covers any variation, not just two prices.
tiered pricing
Tiered pricing usually means prices change by quantity or plan, not by who the buyer is.

Opposites

flat pricinguniform pricing

Word family

dual adjective
made of two parts
price verb
to set the cost of something
pricing noun
the setting of prices
dual-price adjective
charging two prices

Commonly confused: dual pricing or dynamic pricing?

dual pricing vs dynamic pricing

Dynamic pricing means prices change with demand or time, while dual pricing means two fixed prices at once.

Practice

The theme park was criticized for ___, charging foreign visitors twice what local residents paid.

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