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underbid Synonym
Synonyme underbidunderprice - undersell - lowball - outbid - outprice - cut prices - offer lower prices - sell for less - sell at a discount - sell below cost - sell cheaply - sell at a lower price - sell at a reduced price - sell at a bargain price - sell at a lower rate - sell at a lower cost - sell at a lower margin - sell at a lower value - sell at a lower figure - sell at a lower amount - sell at a lower sum - sell at a lower expense - sell at a lower charge - sell at a lower fee - sell at a lower tariff - sell at a lower price point - sell at a lower price level - sell at a lower price range - sell at a lower price bracket - sell at a lower price category - sell at a lower price tier - sell at a lower price band - sell at a lower price segment - sell at a lower price division - sell at a lower price class - sell at a lower price group - sell at a lower price section - sell at a lower price subdivision - sell at a lower price unit - sell at a lower price scale - sell at a lower price spectrum - sell at a lower price zone - sell at a lower price area - sell at a lower price field - sell at a lower price sector - sell at a lower price region - sell at a lower price district - sell at a lower price territory
Underbidding refers to the act of offering a lower price than a competitor or the current market rate, often to win a contract or business deal. This strategy is common in competitive bidding environments, such as government contracts, auctions, or service agreements. While underbidding can lead to securing more work or gaining market share, it may also result in reduced profit margins or financial losses if the bid is too low to cover costs.
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