Their loss was partly due to a vicious price war between manufacturers that has cut margins to the bone.
English dictionary. 2008.
Price war — is a term used in business to indicate a state of intense competitive rivalry accompanied by a multi lateral series of price reductions. One competitor will lower its price, then others will lower their prices to match. If one of the reactors… … Wikipedia
price war — ➔ war * * * price war UK US noun [C] ► COMMERCE a situation in which companies compete with each other by reducing prices: a fierce/vicious price war »A fierce price war has buffeted the US car business and caused deep unease in Detroit, the home … Financial and business terms
price war — n a situation in which several companies reduce the prices of what they sell, because they are all trying to get the most customers … Dictionary of contemporary English
price war — price ,war noun count a situation in which businesses compete to attract customers by lowering prices … Usage of the words and phrases in modern English
price war — 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 • Etymology: 1925–30 … From formal English to slang
price war — n. a situation in which competitors selling a certain commodity successively lower prices, as to force one or more out of business … English World dictionary
price war — noun intense competition in which competitors cut retail prices to gain business • Syn: ↑price competition • Hypernyms: ↑competition * * * noun : a period of intensive industrial or commercial competition characterized by repeated price cutting… … Useful english dictionary
price war — UK / US noun [countable] Word forms price war : singular price war plural price wars a situation in which businesses compete to attract customers by making their prices lower … English dictionary
Price War — When companies continuously lower prices to undercut the competition. A price war may be used to increase revenue in the short term or as a longer term strategy to gain market share. Price wars can be prevented through strategic price management… … Investment dictionary
price war — / praɪs wɔ:/ noun a competition between companies to get a larger market share by cutting prices. Also called price cutting war … Dictionary of banking and finance
