price leadern.
/ˈprʌɪs ˌliːdə/, U.S. /ˈpraɪs ˌlidər/ Originally U.S.
A retailer or company having a sufficiently large influence on the market to effectively determine the standard prices within an industry; (also) a retail item priced inexpensively for promotional purposes.
ΘΚΠ
society > occupation and work > business affairs > a business or company > [noun] > large or powerful company
monopoly1871
price leader1898
supergiant1910
corporate1945
giant1958
chaebol1972
society > trade and finance > monetary value > price > pricing > [noun] > determiner of prices in an industry
pricer1587
price leader1898
1898 North Adams (Mass.) Evening Transcript 3 Mar. 8 (advt.) All other canned goods at prices that will surprise you. We are the price leaders!
1929 Q. Jrnl. Econ. 44 89 The price leader, knowing that the others will follow him, has as much control as tho he were the chosen delegate of the group.
1936 A. R. Burns Decline of Competition iii. 77 The United States Steel Corporation is more frequently classified as a price leader than any other American corporation.
1962 Economist 13 Jan. 151/2 The International Nickel Company of Canada..is the acknowledged price leader.
1999 N.Y. Times 3 Oct. xii. 1/4 There no longer seems to be any demand for Spartan, stripped-down cars. Such automobiles, known as price leaders, were once common at dealerships.
This entry has been updated (OED Third Edition, March 2007; most recently modified version published online March 2022).
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n.1898