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Meaning of "price leadership" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF PRICE LEADERSHIP

price leadership play
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GRAMMATICAL CATEGORY OF PRICE LEADERSHIP

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Price leadership is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES PRICE LEADERSHIP MEAN IN ENGLISH?

Tacit collusion

Tacit collusion occurs where firms undergo actions that are likely to minimise a response from another firm, e.g. avoiding the opportunity to price cut an opposition. Put another way, two firms agree to play a certain strategy without explicitly saying so. Oligopolists usually try not to engage in price cutting, excessive advertising or other forms of competition. Thus, there may be unwritten rules of collusive behavior such as price leadership. A price leader will then emerge and sets the general industry price, with other firms following suit. For example see the case of British Salt Limited and New Cheshire Salt Works Limited.

Definition of price leadership in the English dictionary

The definition of price leadership in the dictionary is the setting of the price of a product or service by a dominant firm at a level that competitors can match, in order to avoid a price war.

WORDS THAT BEGIN LIKE PRICE LEADERSHIP

price break
Price Commission
price competitiveness
price control
price cut
price cutting
price discrimination
price escalation
price freeze
price inflation
price limit
price list
price maintenance
price out of the market
price point
price range
price ring
price support
price tag
price ticket

WORDS THAT END LIKE PRICE LEADERSHIP

authorship
censorship
dealership
dictatorship
entrepreneurship
home ownership
leadership
membership
mentorship
ownership
partnership
place of worship
premiership
proprietorship
readership
relationship
scholarship
sponsorship
starship
warship
worship

Synonyms and antonyms of price leadership in the English dictionary of synonyms

SYNONYMS

Translation of «price leadership» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF PRICE LEADERSHIP

Find out the translation of price leadership to 25 languages with our English multilingual translator.
The translations of price leadership from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «price leadership» in English.

Translator English - Chinese

价格领导
1,325 millions of speakers

Translator English - Spanish

liderazgo de precios
570 millions of speakers

English

price leadership
510 millions of speakers

Translator English - Hindi

कीमत नेतृत्व
380 millions of speakers
ar

Translator English - Arabic

القيادة السعر
280 millions of speakers

Translator English - Russian

ценовое лидерство
278 millions of speakers

Translator English - Portuguese

liderança de preços
270 millions of speakers

Translator English - Bengali

মূল্য নেতৃত্ব
260 millions of speakers

Translator English - French

le leadership de prix
220 millions of speakers

Translator English - Malay

Kepimpinan harga
190 millions of speakers

Translator English - German

Preisführerschaft
180 millions of speakers

Translator English - Japanese

価格のリーダーシップ
130 millions of speakers

Translator English - Korean

가격 리더십
85 millions of speakers

Translator English - Javanese

Kepemimpinan rega
85 millions of speakers
vi

Translator English - Vietnamese

lãnh đạo giá
80 millions of speakers

Translator English - Tamil

விலை தலைமை
75 millions of speakers

Translator English - Marathi

किंमत नेतृत्व
75 millions of speakers

Translator English - Turkish

Fiyat liderliği
70 millions of speakers

Translator English - Italian

leadership di prezzo
65 millions of speakers

Translator English - Polish

przywództwa cenowego
50 millions of speakers

Translator English - Ukrainian

цінове лідерство
40 millions of speakers

Translator English - Romanian

conducere preț
30 millions of speakers
el

Translator English - Greek

ηγεσίας των τιμών
15 millions of speakers
af

Translator English - Afrikaans

prys leierskap
14 millions of speakers
sv

Translator English - Swedish

prisledarskap
10 millions of speakers
no

Translator English - Norwegian

pris lederskap
5 millions of speakers

Trends of use of price leadership

TRENDS

TENDENCIES OF USE OF THE TERM «PRICE LEADERSHIP»

The term «price leadership» is normally little used and occupies the 139.774 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
35
/100
The map shown above gives the frequency of use of the term «price leadership» in the different countries.
Principal search tendencies and common uses of price leadership
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «price leadership».

FREQUENCY OF USE OF THE TERM «PRICE LEADERSHIP» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «price leadership» during the past 500 years. Its implementation is based on analysing how often the term «price leadership» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about price leadership

EXAMPLES

10 ENGLISH BOOKS RELATING TO «PRICE LEADERSHIP»

Discover the use of price leadership in the following bibliographical selection. Books relating to price leadership and brief extracts from same to provide context of its use in English literature.
1
The Evolution of the Airline Industry
likely to reduce the number of travel agencies and commission override practices .55 Patterns of Price Leadership Thus far we have analyzed the effects on travelers' welfare of various marketing and operating strategies by individual airlines.
Steven Morrison, Clifford Winston
2
Economics: A Contemporary Introduction
The steel industry was an example of the price-leadership form of oligopoly. Typically, U.S. Steel, the largest firm in the industry, would set the price for various products. Public pressure on U.S. Steel not to raise prices eventually shifted the ...
William A. McEachern, 2012
3
The Price Advantage
PRICE LEADERSHIP A profound understanding of the microeconomics of an industry can lead to quick wins, such as taking supply/demand-driven price increases sooner or fine-tuning contract terms to take advantage of expected industry ...
Michael V. Marn, Eric V. Roegner, Craig C. Zawada, 2004
4
Microeconomics: Theory And Applications
19.8 PRICE LEADERSHIP MODELS Price leadership is an imperfect form of collusion betweeen oligopoly firms. Price leadership is an informal position given to or attained by a firm in an oligopolistic setting to lead other firms in pricing.
D. N. Dwivedi, 2002
5
Microeconomics Theory And Applications
Price leadership is another form of collusion in which one firm sets the price and other firms in the market follow it. Price leadership is regarded as the imperfect form of collusion because all the firms in the oligopolistic market are free to decide ...
Ghai & Gupta, 2002
6
Managerial Economics
(3) Price Determination under Imperfect Collusion Or Price Leadership Model Imperfect collusion is a situation in which there is no open or secret agreement or collusion among the firms of an oligopolistic industry. There are various firms in ...
7
Microeconomics: A Contemporary Introduction
The steel industry was an example of the price-leadership form of oligopoly. Typically, U.S. Steel, the largest firm in the industry, would set the price for various products. Public pressure on U.S. Steel not to raise prices eventually shifted the ...
William A. McEachern, 2013
8
Transformational Leadership
This second edition of the popular theory of "transformational" leadership is a comprehensive review of Bernie Bass's 20 years of research on this important topic.
Bernard M. Bass, Ronald E. Riggio, 2005
9
Microeconomic Theory
PRICE LEADERSHIP MODEL Independent price setting is rare in oligopolistic markets. Generally, there exists some forms of understanding among the oligopolists in a particular industry. One form of collusion (understanding) is price  ...
R K Mandal, 2007
10
Modern Economic Theory
The kinked demand curve model offers one possible explanation of the ' stickiness' of oligopoly prices. Price Leadership In most modern economies, the governments pass laws to control big firms. Such laws make explicit collusion not only ...
Sampat Mukherjee, 2002

10 NEWS ITEMS WHICH INCLUDE THE TERM «PRICE LEADERSHIP»

Find out what the national and international press are talking about and how the term price leadership is used in the context of the following news items.
1
Competition and constant stress
In the oil industry we see the conscious parallelism and price leadership among the leaders. Even resale price maintenance, at war with the ... «The Manila Times, Jul 15»
2
Watch Those Price Tags: The Role of Pricing and Trust in Retail
Price leadership is core to who we are.” If you've ever been to a Walmart Supercenter, you know that this commitment to EDLP rings true. «GuruFocus.com, Jul 15»
3
Five ways Costco plans to grow
Within food, organic and gluten free are categories where Costco can use its price leadership to offer a specific point of difference. Though only ... «IGD Retail Analysis, Jul 15»
4
Shippers view carrier alliances as bulwarks for competition
If small players are driven out of the market, a small number of mega-carriers could achieve the power to exert price leadership in the market. «JOC.com, Jul 15»
5
TROUBLED TELECEL WOOS CUSTOMERS
“Telecel's decision to offer more value through these promotions to our hard-pressed customers is part of a wider price leadership strategy, ... «NewsdzeZimbabwe, Jul 15»
6
Value provider leader Telecel bounces back with three voice …
“Telecel's decision to offer more value through these promotions to our hard-pressed customers is part of a wider price leadership strategy ... «NewsDay, Jul 15»
7
Behind the Veil of Globalization
... “price increases by firms generally occur in tandem, most commonly under the price leadership of the largest corporation in the industry.”46. «Monthly Review, Jul 15»
8
Woolworths hit by savage broker downgrades
"We believe a new CEO would push for a level of price leadership over Coles - and not just neutralise - in order to gain some sales momentum ... «ABC Online, Jun 15»
9
In a sold-off market there are bargains to be found
Instead, it lost what reputation it had for price leadership and is now having to catch up. The damage to earnings from this rearguard action is ... «The Australian, Jun 15»
10
Is It Time to Take Profit on Kroger Co Stock?
Price leadership is a key reason why Kroger improved comparable-store sales by 5% while rivals like Wal-Mart and Target (NYSE:TGT) barely ... «Motley Fool, May 15»

REFERENCE
« EDUCALINGO. Price leadership [online]. Available <https://educalingo.com/en/dic-en/price-leadership>. Apr 2024 ».
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