What is cut throat competition
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Govind Singh 7 years, 8 months ago
Cut-throat competition is defined as the situation where competitors try to eliminate others from the business by using destructive practices. Take the example of current e-commerce industry. Almost every company is burning its cash pile just to attract customers and deprive other companies from business. For this, they offer heavy discounts, put up prices well below the cost thus compensating sellers from their pocket.
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