When competing suppliers agree on a pricing structure amongst themselves, the practice is known as price fixing. It can take various forms and includes establishing minimum prices or an agreed formula for the pricing of goods and services or the non-competitive discounting of same. Usually such agreements are informal and verbal, although some may be in writing.
« Back to Glossary IndexPrice Fixing
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
