on a firm price basis
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Price war — is a term used in business to indicate a state of intense competitive rivalry accompanied by a multi lateral series of price reductions. One competitor will lower its price, then others will lower their prices to match. If one of the reactors… … Wikipedia
price system — ▪ economics Introduction a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive resources. Millions of economic agents who have no direct communication … Universalium
firm — [[t]fɜ͟ː(r)m[/t]] ♦ firms, firming, firmed, firmer, firmest 1) N COUNT A firm is an organization which sells or produces something or which provides a service which people pay for. The firm s employees were expecting large bonuses. ...a firm of… … English dictionary
price index — an index of the changes in the prices of goods and services, based on the prices of the same goods and services at a period arbitrarily selected as a base, usually expressed as 100. [1885 90] * * * Measure of change in a set of prices, consisting … Universalium
price — The cost at which something is obtained. Something which one ordinarily accepts voluntarily in exchange for something else. The consideration given for the purchase of a thing. Amount which a prospective seller indicates as the sum for which he… … Black's law dictionary
Small but Significant and Non-transitory Increase in Price — In competition law, before deciding whether companies have significant market power which would justify government intervention, the test of Small but Significant and Non transitory Increase in Price is used to define the relevant market in a… … Wikipedia
Roger Price (comedy) — Roger Price (March 6, 1918 ndash;October 31, 1990) was an American humorist, author and publisher, best known for his collaborations with Leonard Stern on the Mad Libs series. Price and Stern, who met when they were writers on the Tonight show,… … Wikipedia
Theory of the firm — The theory of the firm consists of a number of economic theories that describe the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.[1] Contents 1 Overview 2 Background … Wikipedia
Non-price competition — is a marketing strategy in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship (McConnell Brue, 2002, p. 43.7 43.8). The firm can also distinguish its product… … Wikipedia
Law firm — A law firm is a business entity formed by one or more lawyers to engage in the practice of law. The primary service provided by a law firm is to advise clients (individuals or corporations) about their legal rights and responsibilities, and to… … Wikipedia
Ideal firm size — The ideal firm size is the theoretically most competitive size for any company, in a given industry, at a given time; which should ideally correspond with the highest possible per unit profit. Discussion If only diseconomies of scale were… … Wikipedia
