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Meaning of "price war" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF PRICE WAR

price war play
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GRAMMATICAL CATEGORY OF PRICE WAR

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Price war is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES PRICE WAR MEAN IN ENGLISH?

Price war

Price war is "commercial competition characterized by the repeated cutting of prices below those of competitors". One competitor will lower its price, then others will lower their prices to match. If one of them reduces their price again, a new round of reductions starts. In the short term, price wars are good for buyers, who can take advantage of lower prices. Often they are not good for the companies involved because the lower prices reduce profit margins and can threaten their survival. In the medium to long term, price wars can be good for the dominant firms in the industry. Typically, the smaller, more marginal, firms cannot compete and must close. The remaining firms absorb the market share of those that have closed. The real losers then, are the marginal firms and their investors. In the long term, the consumer may lose too. With fewer firms in the industry, prices tend to increase, sometimes higher than before the price war started.

Definition of price war in the English dictionary

The definition of price war in the dictionary is 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.

WORDS THAT BEGIN LIKE PRICE WAR

price control
price cut
price cutting
price discrimination
price escalation
price freeze
price inflation
price leadership
price limit
price list
price maintenance
price out of the market
price point
price range
price ring
price support
price tag
price ticket
price variation clause
price-dividend ratio

WORDS THAT END LIKE PRICE WAR

air war
bidding war
civil war
cold war
council of war
declaration of war
dirty war
fare war
flame war
ground war
guerrilla war
holy war
man o´ war
opium war
prisoner of war
sloop of war
state of war
theatre of war
trade war
turf war

Synonyms and antonyms of price war in the English dictionary of synonyms

SYNONYMS

Translation of «price war» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF PRICE WAR

Find out the translation of price war to 25 languages with our English multilingual translator.
The translations of price war from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «price war» in English.

Translator English - Chinese

价格战
1,325 millions of speakers

Translator English - Spanish

guerra de precios
570 millions of speakers

English

price war
510 millions of speakers

Translator English - Hindi

कीमत युद्ध
380 millions of speakers
ar

Translator English - Arabic

حرب أسعار
280 millions of speakers

Translator English - Russian

ценовая война
278 millions of speakers

Translator English - Portuguese

guerra de preços
270 millions of speakers

Translator English - Bengali

মূল্য যুদ্ধ
260 millions of speakers

Translator English - French

guerre des prix
220 millions of speakers

Translator English - Malay

Perang harga
190 millions of speakers

Translator English - German

Preiskrieg
180 millions of speakers

Translator English - Japanese

価格戦争
130 millions of speakers

Translator English - Korean

가격 전쟁
85 millions of speakers

Translator English - Javanese

Perang rega
85 millions of speakers
vi

Translator English - Vietnamese

cuộc chiến giá cả
80 millions of speakers

Translator English - Tamil

விலை போர்
75 millions of speakers

Translator English - Marathi

किंमत युद्ध
75 millions of speakers

Translator English - Turkish

fiyat savaşı
70 millions of speakers

Translator English - Italian

guerra dei prezzi
65 millions of speakers

Translator English - Polish

cena wojna
50 millions of speakers

Translator English - Ukrainian

цінова війна
40 millions of speakers

Translator English - Romanian

război al prețurilor
30 millions of speakers
el

Translator English - Greek

πόλεμος τιμών
15 millions of speakers
af

Translator English - Afrikaans

prys-oorlog
14 millions of speakers
sv

Translator English - Swedish

priskrig
10 millions of speakers
no

Translator English - Norwegian

priskrig
5 millions of speakers

Trends of use of price war

TRENDS

TENDENCIES OF USE OF THE TERM «PRICE WAR»

The term «price war» is regularly used and occupies the 88.595 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
59
/100
The map shown above gives the frequency of use of the term «price war» in the different countries.
Principal search tendencies and common uses of price war
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «price war».

FREQUENCY OF USE OF THE TERM «PRICE WAR» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «price war» during the past 500 years. Its implementation is based on analysing how often the term «price war» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about price war

EXAMPLES

10 ENGLISH BOOKS RELATING TO «PRICE WAR»

Discover the use of price war in the following bibliographical selection. Books relating to price war and brief extracts from same to provide context of its use in English literature.
1
Gasoline Price War in New Jersey: Hearing Before a ...
Continuation of hearings on gas price competition in New Jersey.
United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Retailing, Distribution, and Fair Trade Practices, 1955
2
The Price Advantage
response, which then throws a company and its industry into a truly severe and devastating price war. When considering your response, bear in mind you have a number of techniques to draw on. First, continue using the seven methods listed ...
Walter L. Baker, Michael V. Marn, Craig C. Zawada, 2010
3
The Price of Peace: Just War in the Twenty-First Century
With an interdisciplinary and transatlantic approach, this volume provides a dialogue between theological, political, military and public actors.
Charles Reed, David Ryall, 2007
4
The Theory of Industrial Organization
If the firm undercuts to p2, its rival reacts with a price war. In this particular equilibrium, the price war has two stages: In turn, the rival undercuts to P! . At that low price, the firms then engage in a "war of attrition." Both firms want the price to go ...
Jean Tirole, 1988
5
Business Environment: Managing in a Strategic Context
Price war An opposite possibility may be a price war, with the aim of driving the competition out of business, and eventually emerging with a single firm monopoly , which can then be exploited. The enormous risk, of course, is that you might ...
John Kew, John Stredwick, 2005
6
Managerial Economics
Non Price Competition Although firms under oligopoly are continuously watching each step of their rivals, yet interestingly enough, each of them avoids the incidence of a price war. What is a price war? Let us explain this concept with a simple ...
Geetika, 2008
7
Michigan Business Review
It is true, also, that stages may exist in a price war, just as in real warfare; thus there may be a preliminary period during which action is light and only occasional or even nonexistent (cold war), followed by intensive hostility during which action ...
‎1955
8
Management Accounting Best Practices: A Guide for the ...
This manufacturing scenario gives company A the clear advantage over company B in the event of a price war, for company A can slash its price down to its variable cost of $5, whereas B can drop prices only to its variable cost of $10. Thus ...
Steven M. Bragg, 2007
9
The Nature of Competition in Gasoline Distribution at the ...
Declined to state.h No signs observed before outbreak of "price war," Jan. 150. Opposed with fair success. Scattered signs observed before outbreak of "price war." Opposed with complete success before outbreak of "price war." Opposed with ...
Wylie Logan Jones, 1951
10
Pricing Strategy: Setting Price Levels, Managing Price ...
Rarely does a price war lead to an industry shakeout. Although a price war may weaken a competitor, it is hard to kill an established organization and permanently remove industry capacity. Decisive victories are rare. Even if a competitor exits ...
Tim Smith, 2011

10 NEWS ITEMS WHICH INCLUDE THE TERM «PRICE WAR»

Find out what the national and international press are talking about and how the term price war is used in the context of the following news items.
1
Ryanair introduces fare cut as CEO Michael O'Leary plans …
Holidaymakers will enjoy cheaper flights because of a price war among airlines, according to the boss of Ryanair. Families are already ... «Daily Mail, Jul 15»
2
Saudis expand price war downstream
Is Saudi Arabia likely to win a potential price war against Asian producers of ... competing with Asian refiners, potentially sparking a price war. «Indiainfoline, Jul 15»
3
Supermarket price war is crippling SMEs
The UK's biggest supermarkets are destroying local food suppliers by delaying late payments and significantly lowering prices, in an attempt to ... «SME Insider, Jul 15»
4
Saudis Expand Price War Downstream – Analysis
Saudi Aramco's core area which includes the headquarters and office buildings in Dhahran city. Photo by Eagleamn, Wikipedia Commons. «Eurasia Review, Jul 15»
5
Pizza Hut franchisees launch class action over pizza price war
Angry Pizza Hut franchisees have launched legal action against the company after a price war with rival Domino's forced them to slash the ... «ABC Online, Jul 15»
6
Price War Leads To Absurdly Low Gas Prices In London, Ohio
LONDON, Ohio - A petrol pricing war going on west of Columbus has led to the lowest prices in the nation. In London, Ohio, prices have dipped ... «10TV, Jul 15»
7
Is a Price War Coming for Cholesterol Drugs?
Bloomberg's Drew Armstrong discusses pending approval from the FDA on cholesterol drugs and if similarities to other medications could ... «Bloomberg, Jul 15»
8
Price war as parents rush to buy school uniforms early
School is still more than a month away but supermarkets are already engaging in a price war to offer parents cheaper uniforms, but without one ... «Irish Independent, Jul 15»
9
Grand Rapids-area gas price war has station offering 2nd cheapest …
A gas "price war" is ongoing Thursday, July 23, 2015, according to GasBuddy.com. Gas stations in the area are driving prices down to the ... «MLive.com, Jul 15»
10
French farmers remove blockade of Lyon still product price war rages
French farmers have begun to remove the blockades from around the French city of Lyon, but the dispute over the price of beef, pork and milk is ... «euronews, Jul 15»

REFERENCE
« EDUCALINGO. Price war [online]. Available <https://educalingo.com/en/dic-en/price-war>. May 2024 ».
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