The mandated maximum amount a
seller may charge for a good or service.
Selection of a contractor, from
two or more suppliers, based either solely on
prices submitted, or on the final prices
resulting from a negotiation with all
contractors within a competitive range.
A government-set maximum or
minimum price that a seller can charge for
their goods or services.
A pricing strategy in which a
seller charges different prices to different
segments of the market.
An illegal selling strategy in
which buyers are charged different prices for
the same goods or services by a single seller.
A measure of the change in
demand as a result of a change in price for a
specific good or service.
Illegal, explicit agreements among
producers regarding the prices at which goods
are to be sold.
A ratio expressing the relationship
between the price of a commodity at a given
point in time to its price during a specified
The ability of an industryleading
supplier to exert enough influence to
determine the market price of goods or
Price Prevailing at the Date of Shipment
agreement that states the selling price may
be modified by the supplier/seller between
the order and the shipment dates. See also:
Open-End Pricing, Price at Time of Delivery.