cut-throat competition

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Cut-Throat Competition

Competition between two or more companies so fierce that they are unable to recoup the costs of making their products. This may happen especially if there are frequent or seasonal drops in demand. Over the long term, cut-throat competition is unsustainable for all companies involved. It is also called ruinous or destructive competition.

cut-throat competition

see PRICE WAR.
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References in periodicals archive ?
One might even say destructive competition exists in selected markets that are Islamically over-banked.
If we continue the way we are going and competing with each other, it could lead to destructive competition and everyone will pay the price.
We have managed to achieve profitability in our core insurance activities by focusing on profitable business and staying away from destructive competition.
This letter declares climate change to be "symptomatic of a spiritual deficit" that is manifested in "excessive self interest, destructive competition and greed.
Scarce resources should not be wasted on destructive competition that will ultimately lead to a sub-optimized national port network.
Geithner said China's policy of keeping the renminbi cheap "sets off a dangerous dynamic" that encourages other countries to follow suit and risks touching off a destructive competition for jobs and trade.
This "managed competition" would foster collaboration among peak businesses, professionals, and trade associations in order to "steer a diverse economy away from destructive competition while maintaining product diversity, innovation, and productivity.
Some developing countries and anti-poverty campaigners accuse Brussels of arm-twisting poor states into agreements that could open up weak economies to destructive competition.
There is still a lot of destructive competition, particularly in the U.
The Department's mandate is to insure the safe and sound conduct of these businesses, to conserve assets, to prevent unsound and destructive competition, to maintain public confidence in the banking system, and to protect the public interest and the interests of depositors, creditors and shareholders.
In "Demand Uncertainty and Price Maintenance: Markdowns as Destructive Competition," Deneckere et al.