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Definitions from WordNet

Definitions from the Web

Price Competition

Description:

Price competition refers to a competitive situation in a market where businesses strive to gain an advantage by offering lower prices for their products or services compared to their competitors. This type of competition focuses on attracting customers primarily through price reductions.

Examples:

1. Noun - General Sense:

The price competition between the two smartphone brands resulted in decreased profit margins.

Related product: Smartphones on Amazon

2. Noun - Market Sense:

In the fierce price competition in the airline industry, customers can benefit from lower fares and discounted tickets.

Related product: Airline Tickets on Amazon

3. Verb - Engaging in Price Competition:

It is important for retailers to regularly assess their pricing strategies to effectively engage in price competition.

Related product: Pricing Strategy Books on Amazon

4. Adjective - Resulting from Price Competition:

The price-competitive market led to substantial savings for consumers.

Related product: Consumer Savings Books on Amazon

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