- below-cost price below-cost price ➔ price1
* * *below-cost price UK US noun [C] COMMERCE, MARKETING► a price for a product or service that is less than the cost of producing it: »
A spokesman added that some competitors may well sell tickets at below-cost prices.
Financial and business terms. 2012.
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cost price — ➔ price1 * * * cost price UK US noun [C or U] COMMERCE ► the amount of money that is spent to produce goods or services before any profit is added for the manufacturer or producer, or the price that a store, etc. pays for goods that it is going… … Financial and business terms
cost price — cost prices N VAR: oft at N If something is sold at cost price, it is sold for the same price as it cost the seller to buy it. [BRIT] ...a factory shop where you can buy very fashionable shoes at cost price... The shop claims to have sold… … English dictionary
Price war — is a term used in business to indicate a state of intense competitive rivalry accompanied by a multi lateral series of price reductions. One competitor will lower its price, then others will lower their prices to match. If one of the reactors… … Wikipedia
price — A fixed value of something. Prices are usually expressed in monetary terms. In a free market, prices are set as a result of the interaction of supply and demand in a market; when demand for a product increases and supply remains constant, the… … Financial and business terms
Price discrimination — or price differentiation exists when sales of identical goods or services are transacted at different prices from the same provider. In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… … Wikipedia
price leader — ➔ leader * * * price leader UK US noun [C] MARKETING, COMMERCE ► a company that is the first to decide on a price for a particular product or service, which is then copied by other companies selling similar products or services: »A price leader… … Financial and business terms
Cost accounting — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
cost — The opposite of revenue. An expense that reflects the price of purchasing goods, services and financial instruments. A cash cost means that cash is given up today to the purchase. Also, the purchase price of an investment, which is compared to… … Financial and business terms
cost — [[t]kɒ̱st, AM kɔ͟ːst[/t]] ♦ costs, costing (The form cost is used in the present tense, and is also the past tense and participle, except for meaning 4, where the form costed is used.) 1) N COUNT: usu sing, oft N of n The cost of something is the … English dictionary
price war — noun intense competition in which competitors cut retail prices to gain business • Syn: ↑price competition • Hypernyms: ↑competition * * * noun : a period of intensive industrial or commercial competition characterized by repeated price cutting… … Useful english dictionary