A selling strategy in which different prices are set for different buyers or groups of buyers, or prices vary depending […]

A measure of the effect of price changes on consumer demand. The greater the effect, the more elastic the pricing.

The percentage change in demand that would occur in response to a 1% increase in price. We express this as […]

A collusion between producers to maintain prices at a certain level. This business practice is illegal in the United States, […]

The minimum price allowed.

A difference in the price of a good in the exporting country and the importing country. It includes transportation costs […]

The practice of charging excessive prices for items after a sudden increase in demand.

Written notification from vendor to customer used to soften the blow when the amount charged is set to go up

Written information that can be used to help convince buyers that an offering is worth its cost

A vendor that can set prices independent of the going rate.