Definitions for price competition
price com·pe·ti·tion

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 competition

   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 competition

   Price competition is a market situation in which different sellers or producers of a particular product or service compete by lowering their prices in order to attract more consumers and gain a larger market share. This form of competition is more prevalent in markets where products are identical or very similar, leading to competition primarily based on price rather than product differentiation.

Matched Categories

1. • Competition

How to pronounce price competition?

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

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   Fred

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   Tessa

   South African

How to say price competition in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of price competition in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of price competition in Pythagorean Numerology is: 1

Examples of price competition in a Sentence

1. Feng Xingya:

   When there is not much demand amid a pickup in production, price competition will obviously increase.

2. Kansai Electric Power -LRB- 9503:

   Because of the injunction on Takahama nuclear plant, we were forced to scrap plans to lower fees and we compare very unfavorably in price competition with others.

3. Analyst Hisakazu Torii at DisplaySearch:

   Once 4K penetration goes beyond 70 percent, that means commoditization and price competition.

4. Chief Executive Mark Schneider:

   There is very strong price competition. That is reality.

5. Charles Schwab Corp:

   It might be price competition or features or services, but competition will expand for these clients, people for years have had expectations for ever-better pricing and every-better service, and we don't see anything breaking that trend.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=price competition
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Price_Competition
3. ^ ChatGPT
   https://chat.openai.com