price war


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price war

n.
A period of intense competition among businesses in which each competitor tries to cut retail prices below those of the others.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

price war

n
(Commerce) a period of intense competition among enterprises, esp retail enterprises, in the same market, characterized by repeated price reductions rather than advertising, brand promotion, etc
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

price′ war`


n.
intensive competition, esp. among retailers, in which prices are repeatedly cut in order to undersell competitors or force competitors out of business.
[1925–30]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.price war - 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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

price war

nguerra dei prezzi
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
References in periodicals archive ?
Oman's construction industry -- which has a pipeline of projects worth $259.6bn (OMR99.8bn) --is facing a price war as contractors quote lower bid prices on tenders,with the aim of securing work as opportunities dry up, Douglas OHI 's boss, Aaron Hennessy, said.
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THIS is bigger than a price war - this is a war for survival.
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The oil price war against Iran, Russia and US shale oil producers being waged since mid-June 2014 by OPEC's Saudi-led GCC bloc has begun to worry both Riyadh and Moscow, with Russia being the world's largest exporter of natural gas and petroleum liquids.
PRICE WAR Online grocer Ocado saw shares slump after warning over a "sustained" hit from the sector's fierce price war and said there was no sign of a let-up.
India-based payment services provider, Paytm, has said that it is not interested in a price war with banks.
It blames the supermarket sector's ongoing price war, sparked by the growth on discounters Aldi and Lidl, which has seen major players such as Tesco and Asda cut prices to protect market shares.
GlobalData analyst Molly Johnson-Jones said: "Just as we saw from 2012 to 2016 with the discounter-led price war, as soon as one party brings prices down, everyone moves."
FOOD FALLING commodity prices and the supermarket price war have cost grocers PS532 million and saved the average household PS20 over the last three months, industry figures showed.
THE cost of bread has fallen to its cheapest in four years as supermarkets intensify their high street price war.