Examples of price war in a Sentence
The airlines are engaged in another price war.
Recent Examples of price war from the Web
But price wars there have caused heavy losses and oversupply of bikes.
The recent rebound was widely expected because inflation declined in March 2017, caused by a price war between wireless phone carriers.
The industry-wide price war has netted billions of dollars in annual savings for investors, as costs drop for everything from trading to financial advice and the annual expense for investing in funds.
Grocers are engaging in price wars over milk — the price of which is often advertised to lure consumers into the store.
But even the Chinese company's billions might not last forever in an all-out price war.
The three companies selected by Seattle were in the thick of a price war to lure more riders.
Even with just a handful of providers, prices have remained relatively stable and at various intervals have come down amid price wars among carriers.
This has been complicated by a grocery price war that’s pressured margins and a decline in the popularity of longtime household staples.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'price war.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of PRICE WAR
What It Is
A price war is an event whereby two or more companies continually lower prices to undercut each other.
How It Works
Airline companies are famous for their price wars. If Airline XYZ cuts the price of a flight from Los Angeles to New York from $800 to $700, Airline ABC, which is competing for business on that route, might cut its fare to $650. Airline XYZ might respond by lowering its fair to $625, and so on.
Why It Matters
Engaging in a price war is a competitive strategy, usually to capture market share. Falling prices tend to attract more customers. Some companies may choose to sell a product or service at a loss, however, in order to capture market share and outwin competitors. In some cases, this might lead to antitrust violations.
PRICE WAR Defined for English Language Learners
Definition of price war for English Language Learners
: a situation in which companies or stores compete with each other by lowering their prices on goods or services in order to attract more customers
Seen and Heard
What made you want to look up price war? Please tell us where you read or heard it (including the quote, if possible).