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Meaning of "unit price" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF UNIT PRICE

unit price play
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GRAMMATICAL CATEGORY OF UNIT PRICE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Unit price is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES UNIT PRICE MEAN IN ENGLISH?

Unit price

Average prices represent, quite simply, total sales revenue divided by total units sold. Many products, however, are sold in multiple variants, such as bottle sizes. In these cases, managers face a challenge: they must determine 'comparable' units. Average prices can be calculated by weighting different unit selling prices by the percentage of unit sales for each product variant. If we use a standard, rather than an actual mix of sizes and product varieties, the result is price per statistical unit. Statistical units are also known as equivalent units. Average price per unit and prices per statistical unit are needed by marketers who sell the same product in different packages, sizes, forms, or configurations at a variety of different prices. As in analyses of different channels, these product and price variations must be reflected accurately in overall average prices. If they are not, marketers may lose sight of what is happening to prices and why. If the price of each product variant remained unchanged, for example, but there was a shift in the mix of volume sold, then the average price per unit would change, but the price per statistical unit would not.

Definition of unit price in the English dictionary

The definition of unit price in the dictionary is a price for foodstuffs, etc, stated or shown as the cost per unit, as per pound, per kilogram, per dozen, etc.

WORDS THAT BEGIN LIKE UNIT PRICE

unit
unit cell
unit character
unit cost
unit factor
unit furniture
unit holder
unit magnetic pole
unit of account
unit of measurement
unit pricing
unit process
unit rule
unit set
unit trust
unit-linked policy
Unit.
UNITA
unitage
unital

WORDS THAT END LIKE UNIT PRICE

asking price
at a price
at any price
bargain price
bid price
caprice
fixed-price
guide price
half-price
list price
market price
price
purchase price
reserve price
retail price
rice
sale price
selling price
share price
target price
trade-in price

Synonyms and antonyms of unit price in the English dictionary of synonyms

SYNONYMS

Translation of «unit price» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF UNIT PRICE

Find out the translation of unit price to 25 languages with our English multilingual translator.
The translations of unit price from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «unit price» in English.

Translator English - Chinese

单价
1,325 millions of speakers

Translator English - Spanish

precio unitario
570 millions of speakers

English

unit price
510 millions of speakers

Translator English - Hindi

यूनिट मूल्य
380 millions of speakers
ar

Translator English - Arabic

سعر الوحدة
280 millions of speakers

Translator English - Russian

цена за единицу
278 millions of speakers

Translator English - Portuguese

preço unitário
270 millions of speakers

Translator English - Bengali

একক দাম
260 millions of speakers

Translator English - French

prix unitaire
220 millions of speakers

Translator English - Malay

harga seunit
190 millions of speakers

Translator English - German

Stückpreis
180 millions of speakers

Translator English - Japanese

単価
130 millions of speakers

Translator English - Korean

단가
85 millions of speakers

Translator English - Javanese

Rega unit
85 millions of speakers
vi

Translator English - Vietnamese

đơn giá
80 millions of speakers

Translator English - Tamil

அலகு விலை
75 millions of speakers

Translator English - Marathi

युनिट किंमत
75 millions of speakers

Translator English - Turkish

birim fiyat
70 millions of speakers

Translator English - Italian

prezzo unitario
65 millions of speakers

Translator English - Polish

cena jednostkowa
50 millions of speakers

Translator English - Ukrainian

Ціна за одиницю
40 millions of speakers

Translator English - Romanian

unitate de preț
30 millions of speakers
el

Translator English - Greek

τιμή μονάδας
15 millions of speakers
af

Translator English - Afrikaans

eenheidsprys
14 millions of speakers
sv

Translator English - Swedish

enhetspris
10 millions of speakers
no

Translator English - Norwegian

enhetspris
5 millions of speakers

Trends of use of unit price

TRENDS

TENDENCIES OF USE OF THE TERM «UNIT PRICE»

The term «unit price» is very widely used and occupies the 19.733 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Very widely used
91
/100
The map shown above gives the frequency of use of the term «unit price» in the different countries.
Principal search tendencies and common uses of unit price
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «unit price».

FREQUENCY OF USE OF THE TERM «UNIT PRICE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «unit price» during the past 500 years. Its implementation is based on analysing how often the term «unit price» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about unit price

EXAMPLES

10 ENGLISH BOOKS RELATING TO «UNIT PRICE»

Discover the use of unit price in the following bibliographical selection. Books relating to unit price and brief extracts from same to provide context of its use in English literature.
1
Unit Price: A Modern Method for Consumer Price Information
A Modern Method for Consumer Price Information. goods where different recipes lead to substantial differences in specific weight, e.g. minced meat products where meatballs are of different sizes and meat rolls have different shapes and ...
‎1994
2
Residential Land Development Practices: A Textbook on ...
Of Fire Hydrants x Unit Cost) Same Formula as for Onsite (Total Length of Roads x Unit Price x 2) + (No. Of Manholes x Unit Cost) Same Formula as for Onsite Width of Roadway to be Cleared x Unit Price x 1 .3 (Right of Way + 20 ft x Length of ...
David E. Johnson, 2008
3
Construction Management
68 Chapter 4 Construction Contracts unit price by theguide quantity. The low bidder is determinedby summing thetotal amount for each of the work items to obtain a grand total. The bidder with the lowest grand total is considered the low bidder ...
Daniel W. Halpin, 2010
4
College Mathematics for the Managerial, Life, and Social ...
DEMAND FUNCTIONS At a unit price of $55, the quantity demanded of a certain commodity is 1000 units. At a unit price of $85, the demand drops to 600 units. Given that it is linear, find the demand equation. Above what price will there be no ...
Soo Tan, 2007
5
CCSS 6.RP.A.3b Unit Rate: Aligns to CCSS 6.RP.A.3b: Solve ...
Find the “unit price” Item: Milk Price: $2.56 per gallon Quantity: 1 gallon or 128 oz. Unit Price per ounce = Determine the unit price of each item. Circle the “better buy.” Item Price Quantity Unit Price Milk (A) $1.28 64 oz. Milk (B) $ .48 16 oz.
‎2014
6
Project Scheduling Handbook
Jonathan F. Hutchings. COST-LOADED CPM Cost-loaded CPM comes into use with unit-price contracts. These contracts use prices based on an itemized breakout of all work activities involved in the contract. Each is assigned a unit price.
Jonathan F. Hutchings, 2004
7
Principles of Applied Civil Engineering Design
Most construction contracts contain a provision to handle changes in quantities for unit-price work items. When the actual quantity of a particular bid item is within a certain percentage of the original bid quantity (or plan quantity), there is no ...
Ying-Kit Choi, 2004
8
Thermal Insulation, Materials, and Systems for Energy ...
J. D. McAllister1 and R. K. Diggers2 A Lump Sum, Unit-Price Bid Proposal Evaluation Method REFERENCE: McAllister, J. D. and Biggers, R. K.. "A Lump Sum, Unit-Price Bid Proposal Evaluation Method," Thermal Insulation, Materials, and ...
Francis A. Govan, David M. Greason, John D. McAllister, 1983
9
Finite Mathematics for the Managerial, Life, and Social Sciences
49. 50. Supply Function For a Digital recorDer Suppliers of a certain brand of digital voice recorders will make 10,000 available in the market if the unit price is $45. At a unit price of $50, 20,000 units will be made available. Assuming that the  ...
Soo Tan, 2014
10
The Code of Federal Regulations of the United States of America
Fixed price contracts for such work may be either (i) lump sum contracts for the total work or for defined parts of the work, or (ii) unit price contracts in which a unit price is paid for specified quantity units of work such as cubic yards of earth or ...
‎1979

10 NEWS ITEMS WHICH INCLUDE THE TERM «UNIT PRICE»

Find out what the national and international press are talking about and how the term unit price is used in the context of the following news items.
1
New plans for a 50p minimum price for a unit alcohol in Wales are …
The Welsh Government claims a minimum unit price, which would be set at 50p per unit, could help save lives by tackling the impact on health and society of ... «WalesOnline, Jul 15»
2
House prices in shock fall, but experts still fear bubble
June 01, 2015: Latest figures show average housing price drop, but experts say it is a blip rather than a ... Unit prices dropped more sharply - down 2.8 percent. «9news.com.au, Jun 15»
3
Sydney unit prices dearer than houses in all other capital cities …
The $588,000 Sydney median unit price is dearer than the house median in seven other capital cities, according to RP Data. It is cheaper to buy a median house ... «Property Observer, Mar 15»
4
Minimum unit price '50 times more effective' than alcohol floor price
In addition, the researchers estimated that the ban only increased the price of 0.7% of alcohol units sold in England, whereas minimum unit pricing would ... «BBC News, Sep 14»
5
A 45p minimum unit price for alcohol would save the lives of harmful …
Harmful drinkers are classified as those who drink an average of 71.4 units every week, ... The researchers created a model of how a 45p/unit price would affect ... «Mirror.co.uk, Feb 14»
6
Valuer questions Top End unit price fall reported in RP Data …
The RP Data-Rismark home value index shows Darwin unit prices fell by almost 4 per cent over the past year, while house values rose by about 5 per cent. «ABC Online, Jan 14»
7
State's GET prepaid tuition keeps unit price at $172
The committee that sets the unit price for the Guaranteed Education Tuition program has decided to keep the price at $172 for a second year, which translates ... «KOMO News, Sep 13»
8
EDF quick to back single unit gas and electric price
One of the “Big Six” energy suppliers has broken ranks to back proposals for firms to offer a single unit price for gas and electricity. EDF Energy says such a ... «The Independent, Jun 13»
9
Minimum alcohol pricing plan 'may be dropped'
It has argued that introducing a minimum unit price would help reduce the levels of ill-health and crime related to alcohol and prevent practices like "pre-loading" ... «BBC News, Mar 13»
10
Call for UK-wide 50p per unit price
There should be a pan-UK strategy to combat problem drinking - including a 50p minimum price for a unit of alcohol, health campaigners say. The call by a ... «BBC News, Feb 13»

REFERENCE
« EDUCALINGO. Unit price [online]. Available <https://educalingo.com/en/dic-en/unit-price>. May 2024 ».
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