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A price war is a situation in which two businesses competitively reduce their prices to attract customers. The effects of a price...
Bidding War. A process in which two or more parties attempt to get their offer accepted by a seller, usually by making repeated offers at higher amounts. More On Bidding War. A bidding war is a process in which two or more parties attempt to get their offer accepted by a seller, usually by making repeated offers at higher amounts. Bidding wars are sometimes purposely sparked when sellers set an asking price thatâs below market value.