Price Taker in a sentence
Antonym: leader
Meaning: A firm that must accept the market price for its product.
(1) Being a price taker can be challenging for small businesses.
(2) Being a price taker means the firm cannot set its own prices.
(3) The price taker model assumes that firms have no market power.
(4) The price taker model assumes that firms have no market share.
(5) As a price taker, the firm has no pricing power in the market.
(6) The price taker model assumes that firms have no pricing power.
(7) The price taker model assumes perfect competition in the market.
(8) Being a price taker can limit the company's ability to innovate.
(9) Being a price taker means that a firm cannot set its own prices.
(10) A price taker has no control over the market price of its product.
Price Taker sentence
(11) As a price taker, the firm must accept the prevailing market price.
(12) A price taker has to be responsive to changes in market conditions.
(13) The price taker model assumes that firms have no influence on prices.
(14) Being a price taker means that the company cannot set its own prices.
(15) The price taker model assumes that firms have no control over demand.
(16) A price taker has no choice but to accept the price set by the market.
(17) Being a price taker means that the company must compete solely on price.
(18) The company operates as a price taker in the highly competitive industry.
(19) The firm's pricing decisions are influenced by its role as a price taker.
(20) A price taker has no ability to negotiate prices with buyers or suppliers.
Price Taker make sentence
(21) A price taker has to adjust its production level based on the market price.
(22) Being a price taker means the firm cannot charge a premium for its product.
(23) The firm's profit as a price taker depends on its ability to minimize costs.
(24) As a price taker, the firm has to compete solely on factors other than price.
(25) The price taker model assumes that all firms have equal access to information.
(26) A price taker has no control over the market price and must accept it as given.
(27) The price taker model assumes that firms have no influence on market conditions.
(28) A price taker has to constantly adjust its production to meet the market demand.
(29) A price taker has to accept the market equilibrium price to maximize its revenue.
(30) Being a price taker means that a firm has no influence on the market equilibrium.
Sentence of price taker
(31) A price taker has no ability to set prices based on its own costs or preferences.
(32) Being a price taker means that the company must accept the market's price signals.
(33) Being a price taker means the firm has no control over the demand for its product.
(34) The firm's pricing strategy as a price taker is to offer the lowest possible price.
(35) As a price taker, the firm has to accept the price determined by the market forces.
(36) Being a price taker means that the company must accept the prevailing market prices.
(37) Being a price taker requires the company to closely monitor its competitors' prices.
(38) A price taker has to accept the price set by the market forces of supply and demand.
(39) A price taker has to accept the market price even if it is below its production cost.
(40) As a price taker, the firm must accept the market price even if it is not profitable.
Price Taker meaningful sentence
(41) A price taker has no control over the pricing decisions of other firms in the market.
(42) As a price taker, the firm has to constantly monitor the market for any price changes.
(43) Being a price taker means that a firm cannot differentiate its products based on price.
(44) Being a price taker can make it difficult for the company to differentiate its products.
(45) A price taker has to compete solely on the basis of product quality and cost efficiency.
(46) Being a price taker means the firm cannot influence the market with its pricing decisions.
(47) A price taker has to accept the market price even if it is lower than its production cost.
(48) Being a price taker requires the company to constantly adapt to changing market conditions.
(49) The company's success as a price taker depends on its ability to differentiate its products.
(50) A price taker has to accept the market price as it is and adjust its operations accordingly.
Price Taker sentence examples
(51) A price taker has no market power and must accept the price determined by supply and demand.
(52) Being a price taker means that a firm cannot influence the market with its pricing decisions.
(53) As a price taker, the firm has to constantly evaluate its cost structure to remain profitable.
(54) A price taker has no control over the demand and supply forces that determine the market price.
(55) As a price taker, the firm must constantly adjust its production levels to match the market demand.
(56) The price taker model assumes that firms are price-sensitive and will adjust their production accordingly.
(57) Being a price taker means that a firm cannot influence the market price through advertising or promotions.
Price Taker meaning
Price taker is a term commonly used in economics to describe a market participant who has no control over the price of a good or service. In other words, a price taker is an individual or firm that must accept the prevailing market price as determined by the forces of supply and demand. This concept is often contrasted with that of a price maker, who has the ability to influence or set prices in the market. When using the term "price taker" in a sentence, it is important to provide context and clarity to ensure that the meaning is accurately conveyed. Here are some tips on how to effectively incorporate this term into your writing:
1. Define the term: Begin by providing a brief definition or explanation of what a price taker is. This will help your readers understand the concept before delving into its application. Example: "A price taker, in economic terms, refers to an individual or firm that lacks the ability to influence market prices and must accept the prevailing price determined by market forces."
2. Use it in a specific context: To enhance understanding, it is helpful to use the term within a specific context or scenario. This will allow readers to visualize how the concept of being a price taker applies in real-world situations. Example: "In a perfectly competitive market, each individual firm is a price taker, meaning they have no control over the price of their product. For instance, a small-scale farmer selling tomatoes at a local market is a price taker, as they must accept the going rate for tomatoes determined by the overall supply and demand dynamics."
3. Provide examples: Illustrating the concept with examples can further clarify the meaning of "price taker" and help readers grasp its significance in different contexts. Example: "Large multinational corporations often have the power to influence prices due to their market dominance, but small businesses operating in highly competitive industries, such as retail or hospitality, are typically price takers. For instance, a boutique hotel in a popular tourist destination must accept the prevailing room rates set by the market, as they lack the market power to dictate prices."
4. Explain the implications: Elaborate on the consequences or implications of being a price taker. This will help readers understand why this concept is important in economic analysis and decision-making. Example: "Being a price taker can have significant implications for businesses. Since they cannot control prices, price takers must focus on other strategies to remain competitive, such as cost-cutting, improving efficiency, or differentiating their products or services. Additionally, price takers are more vulnerable to market fluctuations, as they have limited ability to adjust prices in response to changes in input costs or demand."
5. Contrast with price maker: To provide a comprehensive understanding, consider briefly contrasting the concept of a price taker with that of a price maker. This will highlight the key differences between the two and further emphasize the significance of being a price taker. Example: "In contrast to price takers, price makers have the ability to influence or set prices in the market. Monopolies or firms with significant market power can act as price makers, allowing them to dictate prices to some extent. Unlike price takers, price makers have more control over their pricing strategies and can potentially earn higher profits." By following these tips, you can effectively incorporate the term "price taker" into your writing, providing a clear and comprehensive understanding of its meaning and implications. Remember to provide context, examples, and explanations to ensure that your readers grasp the concept and its significance in economic analysis.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Price Taker. They do not represent the opinions of TranslateEN.com.