price competition (Meaning)
Wordnet
price competition (n)
intense competition in which competitors cut retail prices to gain business
Synonyms & Antonyms of price competition
No Synonyms and anytonyms found
price competition Sentence Examples
- Retailers engage in fierce price competition to attract customers.
- Online shopping has intensified price competition, driving prices down.
- Price competition is a common strategy used to undercut rivals and gain market share.
- Companies may suffer losses in the short term to maintain low prices in the face of intense price competition.
- Some businesses attempt to avoid direct price competition by differentiating their products or offering unique services.
- Consumers benefit from price competition as it provides them with more affordable options.
- Government regulations can sometimes limit price competition to prevent monopolies.
- Price competition can lead to innovation as companies seek to create cost-effective solutions.
- The threat of potential price competition can encourage businesses to continuously reduce their costs.
- Price competition can be beneficial for consumers, but it can also have a negative impact on businesses operating with thin profit margins.
FAQs About the word price competition
intense competition in which competitors cut retail prices to gain business
No synonyms found.
No antonyms found.
Retailers engage in fierce price competition to attract customers.
Online shopping has intensified price competition, driving prices down.
Price competition is a common strategy used to undercut rivals and gain market share.
Companies may suffer losses in the short term to maintain low prices in the face of intense price competition.
