Meaning conscious parallelism
What does conscious parallelism mean? Here you find 6 meanings of the word conscious parallelism. You can also add a definition of conscious parallelism yourself
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conscious parallelismn. an undiscussed imitation by a business of a competitor's actio...
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conscious parallelismUnder conditions of oligopoly, the pricing and output actions of one firm have a significant impact upon that of its rivals. Firms may after some period of repeated actions become conscious or aware o [..]
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conscious parallelism1. (legislation definition) Evidence of concert of action implied from business behavior, such as setting parallel prices, without proof of an express agreement. 2. (strategic marketing definition) The pattern within an industry in which firms prefer to "follow" other firms (typically the market leader) rather than pursue a different cour [..]
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conscious parallelismPrice-fixing between competitors that occurs without an actual agreement between the parties. For instance, one company raises its price for a service and other competitors do the same. Can also be us [..]
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conscious parallelismConscious Parallelism refers to a path that one business may take and competitors follow suit. A business may decide to raise the price of its products, and all competitors consequently raise the pric [..]
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conscious parallelismA market situation where competitors offer closely comparable prices and …
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