Definition of price leadership in English:

price leadership

Line breaks: price lead¦er|ship

noun

[mass noun] Economics
The setting of prices in a market by a dominant company, which is followed by others in the same market.
More example sentences
  • It can be difficult to distinguish between cartels in which prices are maintained across a range of producers or suppliers, and other situations in which price leadership is present.
  • The company's price leadership strategies in the early twentieth century may have led to a high return on sales, but its dollar sales were essentially stagnant despite significant additions to capacity and production.
  • In a message published in the co-op's newsletter, Mr Walsh said Dairygold has served its farmer shareholders well over the years, not least in milk price leadership.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day semblance
Pronunciation: ˈsɛmbləns
noun
the outward appearance or apparent form of something…