price cutting

American  

Or price-cutting

noun

1. selling an article at a price under the usual or advertised price.

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Etymology

Origin of price cutting

First recorded in 1895–1900

Example Sentences

As usual, Tesla’s sales consisted primarily of its Model 3 and Model Y vehicles, which have been made even more attractive by rounds of price cutting that have eaten into the company’s profit margins.

From Seattle Times • Oct. 2, 2023

“They fought their way to control by rebate and drawback, bribe and blackmail, espionage and price cutting, and perhaps more important, by ruthless, never slothful efficiency of organization.”

From New York Times • Feb. 20, 2018

An excess of supply over demand is forcing the majority of the industry to resort to price cutting in order to put money in the tills.

From BBC • Dec. 20, 2015

Subsea Systems, a leading supplier of offshore oil and gas equipment, price cutting is not the whole story, and savings could be made if the process of ordering and qualifying kit were simplified.

From Reuters • Nov. 13, 2013

Weakened by the struggle, unable to meet the competitive price cutting that was all but the universal business practice of the time, thousands of business houses closed their doors.

From The American Empire by Nearing, Scott