Definitions for price war
price war

Princeton's WordNetRate this definition:0.0 / 0 votes

1. price war, price competitionnoun

   intense competition in which competitors cut retail prices to gain business

WikipediaRate this definition:0.0 / 0 votes

1. Price war

   Price war is "commercial competition characterized by the repeated cutting of prices below those of competitors". One competitor will lower its price, then others will lower their prices to match. If one of them reduces their price again, a new round of reductions starts. In the short term, price wars are good for buyers, who can take advantage of lower prices. Often they are not good for the companies involved because the lower prices reduce profit margins and can threaten their survival. In the medium to long term, price wars can be good for the dominant firms in the industry. Typically, the smaller, more marginal firms cannot compete and must close. The remaining firms absorb the market share of those that have closed. The real losers, then, are the marginal firms and their investors. In the long term, the consumer may lose too. With fewer firms in the industry, prices tend to increase, sometimes higher than before the price war started.

ChatGPTRate this definition:0.0 / 0 votes

1. price war

   A price war refers to a competitive situation where businesses repeatedly cut the prices of their products or services in order to undercut their competitors and gain market share. It often begins when one business reduces its price, prompting others to do the same to remain competitive. While it may benefit consumers in the short term, it can be detrimental for businesses, especially if it leads to reduced profits or even losses.

WikidataRate this definition:0.0 / 0 votes

1. Price war

   Price war is "commercial competition characterized by the repeated cutting of prices below those of competitors". One competitor will lower its price, then others will lower their prices to match. If one of them reduces their price again, a new round of reductions starts. In the short term, price wars are good for consumers, who can take advantage of lower prices. Often they are not good for the companies involved because the lower prices reduce profit margins and can threaten their survival. In the medium to long term, price wars can be good for the dominant firms in the industry. Typically, the smaller, more marginal, firms cannot compete and must close. The remaining firms absorb the market share of those that have closed. The real losers then, are the marginal firms and their investors. In the long term, the consumer may lose too. With fewer firms in the industry, prices tend to increase, sometimes higher than before the price war started.

Matched Categories

1. • Competition

How to pronounce price war?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say price war in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of price war in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of price war in Pythagorean Numerology is: 3

Examples of price war in a Sentence

1. Chief Executive Eric Trappier:

   There is strong pressure on prices across the whole (Falcon) range, this price war comes not only from the (new) market but also second-hand planes.

2. Lou Lili:

   The price war, the oldest tactic that banks use to attract deposits, is becoming more difficult.

3. Matt Smith:

   The signal is Saudi Arabia is looking to open the spigots and fight for market share, saudi is rolling up its sleeves for a price war.

4. Patrick Walujo:

   A price war is not unusual for the introduction of a businesses like this ... as promotions are huge to seize market share, perhaps Grab is hoping it can squeeze us. The reality is that because we offer multiple services and products our drivers generate more revenues, and our investors understand that.

5. Rebecca Grant:

   The coronavirus economic impacts on top of the Russia-Saudi oil price war have hurt all GCC economies and make this a perfect moment for scrapping the boycott, which was ineffective anyway.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=price war
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Price_War
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=price war