Definitions for "Price leadership"
Situation in which a market leader sets the price of a product or service, and competitors feel compelled to match that price.
A price charged by the dominant producer that becomes the price adopted by all the other producers.
a pricing strategy that sets a product price expecting others to follow
the ability to influence prices in a particular industry or market.
the taking on by one company of responsibility for setting industry prices. p. 247
A market situation where one supplier alters a price and the remainder of the industry follows suit.