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.

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

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]
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"
Translations

price war

nguerra dei prezzi
References in periodicals archive ?
A strong pound, low oil prices and a supermarket price war forced the prices down, the RAC Fuel Watch report said.
By far the main losers of the Saudi-led oil price war have been the price hawks in OPEC such as Iran which is the prime target and Russia which leads the non-OPEC exporters.
Analysis by global insight leader IRI of the FMCG price war in France has highlighted key lessons for both retailers and manufacturers in other European countries, including the UK, Spain and Italy, where they are currently experiencing deflation or stagnation in grocery products and the early stages of a price war.
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.
THE cost of bread has fallen to a four-year low as supermarket giants intensify a price war.
Falling sales at Britain's biggest supermarket Tesco announced last week could mean good news for consumers as a price war has kicked off with rivals.
Global Banking News-January 2, 2015--UK mortgage price war intensifies
A SAVAGE supermarket price war has saved shoppers PS180million since September.
Talk of an oil price war launched by Saudi Arabia filled the air this past week, with analysts squabbling over whether a price war had begun or whether those claiming to be seeing a price war are having hallucinations.
It remains to be seen whether the current softness in the oil market will turn into a price war because each member country is expected to fight for its market share.
Saudi Arabia's insurance regulator, Saudi Arabian Monetary Agency (SAMA), has largely succeeded in stopping the local insurance price war of 2012-2013, reports Standard & Poor's in Insurance In Saudi Arabia: The Price War May Be Over But The Fight For Market Share Continues.