Competitive Price

Business, Legal & Accounting Glossary

Definition: Competitive Price


Competitive Price


Full Definition of Competitive Price


A price or purchase terms for a product or service established by a manufacturer or distributor with the intention of attracting a larger number of buyers than the competition. Pricing strategies may include price undercuts, buyer incentives, additional product features, and favorable financing terms.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/competitive-price/
Modern Language Association (MLA):
Competitive Price. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/competitive-price/.
Chicago Manual of Style (CMS):
Competitive Price. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/competitive-price/ (accessed: March 29, 2024).
American Psychological Association (APA):
Competitive Price. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/competitive-price/

Definition Sources


Definitions for Competitive Price 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: 20th November, 2021 | 0 Views.