administered price Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: administered price

administered price

one determined by the pricing policy of a seller rather than by competitive forces of market supply and demand. It assumes the selling firm has sufficient control over the market of the item.

Dictionary of Business Terms

administered price

price of a good that is specified by a governmental or some other nonmarket agency. Wage price controls and rent controls are examples of administered prices.

Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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