Word: undercutting
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...explains, "is like with my air-conditioners, say, The list price represents a 46 per cent profit. I'll take a 20 per cent commission. This leaves 26 per cent to play around with." This would go both into private pockets and to lowering prices so as to undercut competitors...
...hour meeting of the National Security Council, President Nixon rejected Defense Secretary Melvin Laird's proposal for a 10% reduction in the 300,000-man U.S. force in Europe. The President's reasoning: the drawdown would unhinge Western European confidence in the U.S., debilitate NATO and undercut West Germany's attempts to normalize relations with the East bloc by rendering Western Europe too weak militarily to strike equitable bargains with the Communists...
Arrayed alongside this unusual trio -and occasionally against it-was Paul Fitzgerald, 33, assigned by the public defender's office and one of its best men. Although he was the unofficial leader of the umbrella defense, Fitzgerald was often undercut by his colleagues as well as the defendants. He usually cross-examined prosecution witnesses first, then had to watch in agony while Hughes and Kanarek clumsily plowed his points under. Kanarek in particular sometimes left a prosecution witness sounding more impressive than when he started. With bitter frustration, Fitzgerald said, "It's like living in a concentration camp...
...most cherished principles: that all member brokers must charge the same commissions on stock trades. The rule originated in 1792, when 24 brokers met under a buttonwood tree in downtown Manhattan to found the organization that later became the exchange. They agreed, among other things, not to try to undercut one another's commission rates. Ever since, the fixed-commission system has been generally viewed as essential to the Big Board's existence...
...United States has moved in Thailand very soon and very quickly. They want to undercut the thing before it begins. The preventive counterinsurgency efforts in Thailand are extremely intensive. The place is just flooded with anthropologists...