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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The cuts are part of PS125million being pumped into price cuts by the Co-op as they battle in the face of cut-throat competition.
There have been global construction firms opening their branches in the UAE and we are working aggressively to capture our share despite the cut-throat competition.
Tesco - who employ 320,000 staff in the UK and 510,000 worldwide - have also been struggling against cut-throat competition as popular discount stores like Aldi and Lidl reduce the market share of all the major supermarkets.
Jet, partly owned by Etihad Airways, is losing money fast, due to high costs, low fares and cut-throat competition in its domestic market.
Its insolvency is a result of cut-throat competition and the price drop in the construction industry.
But back in Christmas 2009, Hills looked to be running out of road as cut-throat competition and ill-judged investments in hi-technology hit the balance sheet hard.
The rumoured Google Gem will have cut-throat competition with Samsung's recently launched Galaxy Gear, Sony's Smartwatch and Apple's forthcoming iWatch.
New figures show independent petrol stations are going the same way as thousands of boarded up pubs and corner shops - driven out of business by crippling overheads and cut-throat competition from major supermarkets.
For long straggling along at all-time lows - and this has got nothing to do with the interest rate regime and everything to do with cut-throat competition - motor premiums may be headed up.
In the realm of cut-throat competition such courses are very important, he said.
18, 2011 (CENS) -- DRAM and TFT-LCD, the two erstwhile star industries in Taiwan, have recently floundered amid the uncertain global climate and cut-throat competition in China, hence triggering panic among domestic banks for potential loan defaults.
PEST control and parcel delivery group Rentokil Initial said cut-throat competition in key markets had squeezed sales - despite cost-cutting moves boosting profits.