guaranteed price definition

guaranteed price

Arrangement under which a manufacturer or supplier promises to refund the difference if it lowers the prices while an agent or dealer still has goods bought at the previous (higher) prices. This arrangement serves to encourage the agents or dealers to order goods in large quantities, without worrying about the loss from any subsequent drop in prices.

guaranteed price is in the Accounting & Auditing, Banking, Commerce & Finance and Distribution & Logistics subjects.

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