Definition and Citations:
When a company decides to reduce the cost of an item in order to be competitive to increase sales. Normally the price is reduced to be the lowest in the market. It is a way to boost sales.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
When a company decides to reduce the cost of an item in order to be competitive to increase sales. Normally the price is reduced to be the lowest in the market. It is a way to boost sales.