surge pricing

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00:56 Sep 7, 2020
English to Bengali translations [PRO]
Bus/Financial - Economics
Additional field(s): Business/Commerce (general), Economics, Finance (general), Marketing / Market Research, Social Science, Sociology, Ethics, etc.
English term or phrase: surge pricing
Definition from TapRun.com:
A strategy that increases prices as demand increases and decreases prices as demand shrinks. Energy companies often use this strategy, as the cost of electricity will vary over the course of a day.

Example sentence(s):
  • Apart from the cab industry and the food delivery industry there are other industries which are naturally suited to applying surge pricing in order to alter consumer and service provider behavior. Medium
  • Concerts and sporting events are obvious candidates for surge pricing because they involve large groups of people trying to leave the same place at the same time, which could easily overwhelm the supply of available drivers. But there are also examples of more geographically diffuse surge pricing events, often coinciding with holidays or inclement weather. Todd W. Schneider
  • In fact, surge pricing effectively makes the peak period more attractive for that subset, as there is likely to be less congestion when price-sensitive shoppers shift to off-peak periods. Anderson School of Management
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Question posted on behalf of translation team:
GBK economics and finances specialistsGBK economics and finances specialists


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Summary of translations provided
5চাহিদামুখী মূল্য নির্ধারণ
Md Abu Alam


  

Translations offered


2 days 3 hrs   confidence: Answerer confidence 5/5
চাহিদামুখী মূল্য নির্ধারণ


Definition from own experience or research:
চাহিদার হ্রাস-বৃদ্ধির সাথে সাথে মূল্য হ্রাস-বৃদ্ধির কৌশল।

Example sentence(s):
  • জ্বালানি কোম্পানিগুলো সাধারণত চাহিদামুখী মূল্য নির্ধারণের কৌশল অবলম্বন করে থাকে। - Own sentence 
Md Abu Alam
Bangladesh
Local time: 17:16
Native speaker of: Native in BengaliBengali
PRO pts in category: 8
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