Price Competition in a sentence
Synonym: price war.
Meaning: Competition based on price.
(1) The price mechanism allows for price competition among producers.
(2) Price competition can lead to lower profit margins for businesses.
(3) Price competition is a common strategy used by businesses to attract customers.
(4) Price competition can be a key factor in determining market share for businesses.
(5) Non-price competition can include offering competitive pricing bundles or package deals.
(6) Price competition can create a more dynamic market where prices are constantly changing.
(7) Successful non-price competition requires a strong brand image and unique selling points.
(8) Non-price competition can involve offering free trials or samples to attract new customers.
(9) One example of non-price competition is providing a hassle-free return policy for customers.
(10) Non-price competition can include offering personalized or customized options for customers.
Price Competition sentence
(11) Non-price competition can include offering loyalty programs or rewards for repeat customers.
(12) Non-price competition can involve offering innovative and cutting-edge products or services.
(13) Price competition can be a challenge for businesses that rely on premium pricing strategies.
(14) Companies engaging in non-price competition often invest heavily in marketing and advertising.
(15) Non-price competition can also involve offering extended warranties or guarantees on products.
(16) Non-price competition can include offering comprehensive warranties or guarantees on products.
(17) Price competition can force businesses to find cost-saving measures to maintain profitability.
(18) Price competition can result in businesses offering loss-leading products to attract customers.
(19) Non-price competition can include offering superior customer service to stand out in the market.
(20) Non-price competition can include offering superior after-sales support or technical assistance.
Price Competition make sentence
(21) Non-price competition can include offering convenient and flexible payment options for customers.
(22) The success of a business in price competition depends on its ability to offer the lowest prices.
(23) Consumers benefit from price competition as they have more options to choose from at lower prices.
(24) Price competition can result in businesses offering discounts and promotions to attract customers.
(25) Companies engaging in non-price competition often invest in research and development to stay ahead.
(26) Non-price competition is a strategy used by businesses to differentiate themselves from competitors.
(27) Non-price competition can involve offering exclusive discounts or promotions to specific target markets.
(28) Companies engaging in non-price competition often emphasize the quality and durability of their products.
(29) Non-price competition can involve offering exclusive access to events or experiences for loyal customers.
(30) Price competition can lead to a decrease in product quality as businesses cut costs to offer lower prices.
Sentence of price competition
(31) Price competition can be a strategy used by businesses to gain market entry and establish a customer base.
(32) Non-price competition can involve offering exclusive products or services that are not available elsewhere.
(33) Companies engaging in non-price competition often strive to build strong relationships with their customers.
(34) Price competition can be a barrier to entry for new businesses trying to establish themselves in the market.
(35) Price competition can be beneficial for consumers as it encourages businesses to offer better value for money.
(36) Companies engaging in non-price competition often collaborate with other brands for co-branded products or services.
(37) Price competition can drive innovation as businesses try to differentiate themselves from competitors in other ways.
(38) Price competition can create a more competitive environment where businesses constantly strive to offer the best prices.
(39) Companies engaging in non-price competition often participate in industry events or trade shows to showcase their products.
(40) Price competition can be challenging for small businesses that may not have the resources to match the prices of larger competitors.
Price Competition meaning
Price competition refers to the rivalry among businesses in a particular market to offer the lowest prices for their products or services. It is a strategy employed by companies to attract customers and gain a competitive edge. To effectively use the term "price competition" in a sentence, consider the following tips:
1. Define the term: Begin by providing a clear definition of price competition to ensure your readers understand the concept.
For example, "Price competition is the intense rivalry between businesses to offer the lowest prices for their goods or services in a specific market."
2. Contextualize the term: Explain the context in which price competition occurs. This could be within a specific industry, market segment, or geographical area. For instance, "In the highly competitive smartphone industry, price competition has become increasingly fierce as companies strive to capture a larger market share."
3. Highlight its significance: Emphasize the importance of price competition for businesses and consumers alike. Discuss how it can drive innovation, benefit consumers through lower prices, and force companies to improve their products or services.
For example, "Price competition plays a crucial role in promoting consumer welfare by encouraging businesses to constantly innovate and offer better value for money."
4. Provide examples: Illustrate the concept of price competition by including real-life examples. This could involve mentioning specific companies or industries where price competition is prevalent. For instance, "In the retail sector, price competition is evident among supermarket chains, with companies like Walmart and Target constantly vying to offer the lowest prices on everyday products."
5. Discuss strategies: Explore various strategies that businesses employ to engage in price competition. This could include tactics such as price matching, discounts, promotions, or bundling products.
For example, "To stay competitive, many airlines engage in price competition by offering discounted fares, loyalty programs, and additional services to attract price-sensitive travelers."
6. Address potential drawbacks: Acknowledge the potential downsides of price competition, such as reduced profit margins, quality compromises, or the risk of a race to the bottom. This demonstrates a balanced understanding of the concept. For instance, "While price competition can benefit consumers, it may lead to a decline in product quality as companies cut costs to offer lower prices."
7. Discuss the impact on the market: Analyze how price competition affects the overall market dynamics, including market share distribution, entry barriers, and the potential for market consolidation.
For example, "Intense price competition in the telecommunications industry has led to mergers and acquisitions, resulting in fewer players and reduced competition."
8. Highlight regulatory considerations: Mention any regulatory measures or antitrust laws that govern price competition to ensure fair market practices. This demonstrates an understanding of the legal framework surrounding the concept. For instance, "Antitrust laws are in place to prevent anti-competitive behavior, such as predatory pricing, which can harm smaller competitors and limit consumer choice."
9. Conclude with a summary: Summarize the key points discussed in the article to reinforce the understanding of price competition. This helps readers retain the information and reinforces the importance of the term.
For example, "
In conclusion, price competition is a vital aspect of many industries, driving innovation, benefiting consumers, and shaping market dynamics." By following these tips, you can effectively incorporate the term "price competition" into your writing, providing a comprehensive understanding of its meaning, significance, and impact.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Price Competition. They do not represent the opinions of TranslateEN.com.