Competition-Based Pricing

Business, Legal & Accounting Glossary

Definition: Competition-Based Pricing

Competition-Based Pricing

Full Definition of Competition-Based Pricing

A method of determining the price at which a particular product is sold based on the prices of competing products rather than on the cost of production or the amount of demand from customers. Competition-based pricing can be effective when the average price of competing goods is noticeably different from prices suggested by production cost or demand.

Cite Term

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Page URL
Modern Language Association (MLA):
Competition-Based Pricing. Payroll & Accounting Heaven Ltd.
December 06, 2021
Chicago Manual of Style (CMS):
Competition-Based Pricing. Payroll & Accounting Heaven Ltd. (accessed: December 06, 2021).
American Psychological Association (APA):
Competition-Based Pricing. Retrieved December 06, 2021
, from website:

Definition Sources

Definitions for Competition-Based Pricing are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th November, 2021 | 0 Views.