What is the definition of Follow-the-leader pricing? | Dictionary.net

FOLLOW-THE-LEADER PRICING

\fˈɒlə͡ʊðəlˈiːdə pɹˈa͡ɪsɪŋ], \fˈɒlə‍ʊðəlˈiːdə pɹˈa‍ɪsɪŋ], \f_ˈɒ_l_əʊ_ð_ə_l_ˈiː_d_ə p_ɹ_ˈaɪ_s_ɪ_ŋ]\

Definitions of FOLLOW-THE-LEADER PRICING

1910 - Black's Law Dictionary (2nd edition)

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When the price is set based on its largest competition. It can be fixed or change depending on the competition.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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