Business Solutions, Career and Enterprising

Why engaging in a price war is a bad idea

price war

You may be tempted to engage in a price war when you’re starting your business. You may feel like you need to do everything you can to undercut your competition. But here’s why you should not engage in a price war: It’s bad for your business, it’s bad for your customers, and it’s bad for the economy. Keep reading to learn more. What is a price war? In the business world, a price war is a situation where businesses engage