Definition of “price war” - English Dictionary

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“price war” in English

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price warnoun [ C ]

uk ​ /ˈpraɪs ˌwɔːr/ us ​ /ˈpraɪs ˌwɔːr/

(Definition of “price war” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“price war” in Business English

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price warnoun [ C ]

uk ​ us ​

› COMMERCE a situation in which companies compete with each other by reducing prices:

a fierce/vicious price war A fierce price war has buffeted the US car business and caused deep unease in Detroit, the home to the industry.
A petrol price war broke out between supermarkets this week.

(Definition of “price war” from the Cambridge Business English Dictionary © Cambridge University Press)

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