underbid

Example:The antique vase was underbid at the public auction, and so it did not fetch the desired price.

Definition:A public sale where items are sold to the highest bidder.

Example:The company decided to underbid for the project to gain competitive advantage, despite warnings from the budget team.

Definition:A plan that estimates income and expenses.

Example:The new supplier underbid the current one on the contract tender, winning the business.

Definition:An official offer or proposal to do a job or supply goods or services.

Example:In the fierce competition for government contracts, we had to be careful not to underbid our rivals.

Definition:A contest for a prize or a position.

Example:The small company underbid the larger ones in the price war, eventually winning the majority of the contracts.

Definition:A competitive tactic where businesses lower their prices significantly below what they charge normally in order to attract customers.