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.
