Walser Limited Lifetime Powertrain Warranty. Available on all new car purchases and most used cars with less than 60,000 miles. Duration: Warranty is valid from vehicle sale date during the customer's lifetime or until the customer no longer owns the vehicle. Coverage: This is an inclusionary warranty which means only named components are covered. The warranty is limited to these listed parts.
Price Taker. What it is: A price taker is a person or company that has no control to dictate prices for a good or service. In the trading world, a price taker is a trader who does not affect the price of the stock if he or she buys or sells shares. The concept of a price taker is best illustrated with an example.
Because individual firms and consumers can't noticeably impact the market price in competitive markets, buyers and sellers in competitive markets are referred to as price takers.. Price takers can take the market price as given and don't have to consider how their actions will affect the overall market price.