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Today's Word of the Day means...
intensive competition, especially among retailers, in which prices are repeatedly cut in order to undersell competitors or sometimes to force smaller competitors out of business.
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Dealer lots are clogged with inventory, and a
seems to be taking off.
The history books imply that the collapse was caused by technical drawbacks and a
And in an almost static market in which the share of imported wines is growing, a
looks only too likely.
Managers from all three ports mutter darkly about an impending
When one producer ramps up production dramatically, a
The small, independent milk dealers continued their
is looming, as dealers try to clear inventory for new models arriving in the fall.
Entire communities and counties are being severely damaged by this oil
For the past several weeks, they have been engaged in a
, with each firm attempting to undercut the other's prices.
The present controversy arises out of a
involving these four stores.
British Dictionary definitions for
a period of intense competition among enterprises, esp retail enterprises, in the same market, characterized by repeated price reductions rather than advertising, brand promotion, etc
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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