What does JD Price Guarantee mean?

Price guarantee is a sales policy to protect the interests of dealers. It generally appears in industries where prices change rapidly and competition is fierce. Generally occurs in industries with rapid price changes and fierce competition. For goods in stock, suppliers provide dealers with price guarantees. When the price of goods falls, they will not suffer losses due to goods with higher stock prices. The manufacturer or agent agrees with the dealer to adjust the price of the goods within a specified period. The manufacturer or agent pays the dealer the purchase price difference by way of credit or direct payment to avoid losses caused by the dealer's price adjustment during the negotiation period. A means of industry protection. Generally suitable for high-end products.

The content of this article comes from: China Law Press "Financial Code of the People's Republic of China: Applied Edition"