What is another word for price competition?

Pronunciation: [pɹˈa͡ɪs kˌɒmpətˈɪʃən] (IPA)

Price competition refers to the process of reducing prices to attract more customers. However, there are many synonyms that can be used in place of price competition. These include cost competition, price matching, competitive pricing, and price wars. These terms all describe the practice of attempting to gain an advantage over other businesses by lowering prices. While this strategy can be effective in the short term, it can also have negative effects on a business's profits and may lead to a decrease in the overall quality of products and services being offered. Finding a balance between competitive pricing and offering high-quality products and services is key to long-term business success.

Synonyms for Price competition:

What are the hypernyms for Price competition?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.
  • Other hypernyms:

    market price competition, price jockeying, price rivalry, price wars, pricing race.

What are the hyponyms for Price competition?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.
  • hyponyms for price competition (as nouns)

Related words: competition policy, monopoly, price-fixing, antitrust, price floors

Related questions:

  • What is price competition?
  • How does price competition work?
  • How can you increase competition in a market?
  • Can competition be bad for supply and demand?
  • What is a monopoly?
  • What are the benefits of competition?
  • Word of the Day

    inconstructible
    The word "inconstructible" suggests that something is impossible to construct or build. Its antonyms, therefore, would be words that imply the opposite. For example, "constructible...