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.


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https://payrollheaven.com/define/competition-based-pricing/
Modern Language Association (MLA):
Competition-Based Pricing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 06, 2021 https://payrollheaven.com/define/competition-based-pricing/.
Chicago Manual of Style (CMS):
Competition-Based Pricing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/competition-based-pricing/ (accessed: December 06, 2021).
American Psychological Association (APA):
Competition-Based Pricing. PayrollHeaven.com. Retrieved December 06, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/competition-based-pricing/

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.