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 ?
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.
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.
There is no need for us to launch any price war," Medvedev said.
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 a four-year low as supermarket giants intensify a price war.
THE cost of bread has fallen to its cheapest in four years as supermarkets intensify their high street price war.
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.