Meaning of the word "price leader" in English
What does "price leader" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
price leader
US /ˈpraɪs ˌliː.dər/
UK /ˈpraɪs ˌliː.dər/
Noun
1.
a company that is the first to introduce a new price for a particular product or service, and whose prices are then followed by other companies
Example:
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Walmart often acts as a price leader in the retail industry.
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The company became a price leader by offering innovative products at competitive rates.
Synonym:
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