22:51 Feb 17, 2015 |
English language (monolingual) [PRO] Bus/Financial - Marketing / Market Research | |||||
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| Selected response from: acetran | ||||
Grading comment
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +3 | become a price leader |
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4 +3 | When a firm that is the leader in its sector determines the price of goods or services. |
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become a price leader Explanation: Have a look at the link before. A price leader is the price-setter in the industry. Reference: http://www.investopedia.com/terms/p/price-leadership.asp |
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