Perfect Competition

Perfect Competition see Pure Competition. Performance Allowance a discount or price reduction given to a wholesaler or retailer who promises to perform some additional activity (special display, etc) to sell a greater quantity of product.

a product which cannot be differentiated and, thus, no one firm has a significant influence on price, other prevailing conditions are ease of entry of new firms into the market and perfect market information, also referred to as perfect competition ...

See also: Cycle, Attribute, Variable, Suspect, Product offer