What Is Competitive Pricing?

Competitive price refers to a price that is slightly lower than the price level in the international market in order to maintain and expand the international market share in international trade.

Competitive price

In international trade competition, exporters

When export commodities encounter competition from similar foreign products, especially monopolistic competition;

In order to enable new domestic products to enter the international market; Out of political struggle or some other need.

In order to implement the competitive price strategy, many countries have adopted various preferential policies for export companies that implement this price strategy within a certain period of time, such as reducing corporate taxes and providing preferential loans to them to ensure that these companies are implementing Returns during the price strategy.