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单词 price leadership
释义

price leadership

price leadership The setting of the price of a product by a dominant firm in an industry in the knowledge that competitors will follow this lead in order to avoid the high cost of a price war. This practice is often found in oligopolies and has the effect of a cartel. As the price leader is as anxious as the other members of the industry to achieve a stable market, it is in their interest to set the price at a sensible level; a price leader who fails to do so will soon be replaced as leader by another member of the group. Compareprice ring.

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更新时间:2025/2/2 13:27:05