Definition of Price war

1. Noun. Intense competition in which competitors cut retail prices to gain business.

Exact synonyms: Price Competition
Generic synonyms: Competition

Lexicographical Neighbors of Price War

price is right
price level
price list
price lists
price of admission
price of tea in China
price on one's head
price out of the market
price point
price reduction
price stability
price support
price tag
price tags
price up
price war (current term)

Literary usage of Price war

Below you will find example usage of this term as found in modern and/or classical literature:

1. Economics by Frank Albert Fetter (1915)
"The price-war policy should not be mistaken, as it often is, ... The price-war policy is only undertaken to force a competitor to an agreement either to ..."

2. Marketing Methods by Ralph Starr Butler (1917)
"His competitors meet the cut; and the price war may go on until the profit ... (2) In the majority of cases, perhaps, the price war does not continue until ..."

3. China in the World Economy: The Domestic Policy Challenges by Charles A Pigott (2002)
"Winners in a price war will be companies that invest aggressively in cost ... The best way to minimise the impact of the price war is to become the cost ..."

4. National tax journal (1916)
"They ranged from a simple demonstration of deficits for the four base period years, to a complicated statistical presentation of the effects of a price war ..."

5. Publishers Weekly by Publishers' Board of Trade (U.S.), Book Trade Association of Philadelphia, American Book Trade Union, Am. Book Trade Association, R.R. Bowker Company (1873)
"The cut price war that ensued as a result of the practice is now a matter of ... The unfortunate result of the price war was the elimination of profit from ..."

6. Competition Law and Policy in Latin America: Peer Reviews of Argentina by Inter-American Development Bank (2006)
"Low prices by a new entrant set off a price war among the four pharmacies operating in Santiago. To end the price war, the four firms agreed to fix prices, ..."

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