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agency pricing

Noun CEFR B2

Definitions

A pricing system in which a supplier sets the price charged for their product by a reseller, with the reseller contractually positioned as an agent of the supplier rather than as an independent broker between supplier and consumer.

uncountable

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

agency problem agency shop agenda agenda-setting agenda, planner agendae

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