price competition

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

Use 'price competition' in a Sentence

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.
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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.
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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.
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