Definition of price leadership in English:
noun[mass noun] Economics
The setting of prices in a market by a dominant company, which is followed by others in the same market.
- 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.
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