Tools: Learn New Words | Secure Password Generator | Startup Tools | PDF Generator

Price War (Noun)

Meaning

Intense competition in which competitors cut retail prices to gain business.

Classification

Nouns denoting relations between people or things or ideas.

Examples

  • The airline industry has been plagued by a price war in recent years, with many carriers struggling to stay afloat.
  • The two tech giants engaged in a price war, each trying to undercut the other's prices for their latest smartphones.
  • The price war between the two supermarkets has been going on for months, with each side trying to outdo the other in terms of discounts and promotions.
  • The company's decision to start a price war with its competitors has been met with skepticism by some analysts, who question whether it's a sustainable strategy.
  • The price war in the e-commerce space has led to significant losses for many online retailers, who are struggling to maintain profit margins in the face of intense competition.

Synonyms

  • Price Competition
  Copyright © 2024 Socielo Tech. All Rights Reserved. | Privacy Policy | Terms of use