Price Floor - A price, usually imposed by law, below which market prices are not permitted to floor; also called a Floor Price.
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see price floor
fluctuating demand
demand in the industrial sector which rises and falls sharply in response to changing economic conditions and consumer spending patterns ...
See Price Floor. Price Competition a competitive situation in which price is used as the major means of differentiating the product of one firm from that of a rival. See Non-price Competition.
Cost-Oriented Pricing An approach in which a retailer sets a price floor, the minimum price acceptable to the firm so it can reach a specified profit goal.
For instance, in some industries, government regulation may set price ceilings (how high price may be set) while in other industries there may be price floors (how low price may be set).
 See also: Price, Pricing, Market, Marketing, Product
  
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