price competition

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Noun1.price competition - intense competition in which competitors cut retail prices to gain business
competition - a business relation in which two parties compete to gain customers; "business competition can be fiendish at times"
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In 2010, to encourage price competition and innovation in markets for biologics, Congress passed the Biologics Price Competition and Innovation Act (BPCIA), which established an abbreviated regulatory pathway for the approval of follow-on biologics by the Food and Drug Administration.
30 January 2013 - Price competition among providers of mutual funds and exchange-traded funds is likely to put pressure on investment management fee growth for US trust and custodial banks, according to US ratings agency Fitch Ratings.
In addition, price competition erased a fifth of net interest income.
Lesser trends identified were value-based pricing and price competition and greater use of the Internet, remote monitoring and scheduling.
As with most metalcasting facilities in North America, Dalton constantly is facing fierce price competition within North America and, with increasing frequency, offshore sources.
Also, price competition is expected to hold down overall value gains.
During the destructive rounds of price competition at that time, insurers were giving out additional coverage for no additional premium, he said.
Lion Nathan's beer sales in Australia and New Zealand are being battered by price competition, a decline in demand for draft beer and bad weather, the company said as it wrapped up its first fiscal quarter.
It remains to be seen whether price competition will break out," says Cooper.
Pubs chain JD Wetherspoon has failed to report an improvement in trading after severe price competition continued to leave sales 'below par'.