The battle of competition is fought by the cheapening of commodities.
About this quote
- What does it mean?
- Competition is fought by lowering the price of goods.
- In plain terms
- Competition reduces commodity prices.
- What can you take from it?
- Price reductions are a key competitive tactic.
Where it applies
Putting it to work
Questions to consider
- When does price competition become harmful?
- How can firms compete without solely lowering prices?
Another view
Price cuts can erode quality and profit margins.
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