Price competition

Price competition,

Definition of Price competition:

  1. Rivalry between suppliers based solely on price, usually for commodious or identical items.

How to use Price competition in a sentence?

  1. The gas station I normally use is luckily situated across the street from another gas station, so they are constantly engaged in a price competition to get business in the door.
  2. With consumers having access to nearly every retailer in the world through the internet price competition can be extreme, many merchants will sell items at a loss hoping to make a small profit on add on sales.
  3. The price competition was fierce as each company was earning a large margin of profit on their goods so they could lower their prices considerably.

Meaning of Price competition & Price competition Definition