Meaning of trigger pricing | Babel Free

Definitions

A pricing strategy in which a company sets the price of a product relative to an index value, with a time frame in which buyers can purchase the product for this price if the index-based price reaches an acceptable level. Usually the seller sets a minimum order size to qualify for the trigger price.

uncountable

Examples

“The channeling of imports by foreign mills through their own⟳ distributors will cause as much, if not more, imported steel to be sold in the U.S. market, perpetuating the problem that trigger pricing was designed to correct⟳.”

“The suit⟳ never went through the courts because the trigger pricing was amended to include⟳ wire fencing as a product to be subject to trigger pricing.”

CEFR level