Undercutting is the act of offering goods or services at a lower price than competitors. Some synonyms for undercutting include underselling, undercut, underpricing, and lowballing. Underselling is the process of selling products at a lower rate than competitors, while undercutting refers to offering something at a lower price than the market value. Underpricing entails selling goods and services cheaper than the actual cost, and lowballing involves making an offer significantly lower than the expected price. Other synonyms for undercutting include undercut action, undersell prices, and cut-rate offers. Whatever term is used, undercutting creates market competition, which can benefit consumers, but can also lead to price wars and reduced profit margins for businesses.