Definitions and Examples of underbid, undersell
Learn when and how to use these words with these examples!
To bid less than the expected or previous amount in an auction or negotiation.
Example
He decided to underbid the other buyers and got the painting for a lower price.
To sell goods or services at a lower price or with less profit margin than competitors.
Example
The company had to undersell its products to stay competitive in the market.
Key Differences: underbid vs undersell
- 1Underbid is used in the context of auctions or negotiations, while undersell is used in the context of sales or marketing.
- 2Underbid implies bidding less than the expected or previous amount, while oversell implies selling goods or services at a higher price or with more profit margin than necessary.
Effective Usage of underbid, undersell
- 1Auctions: Use underbid to describe bidding less than the expected or previous amount.
- 2Sales: Use undersell to describe selling goods or services at a lower price or with less profit margin than competitors.
- 3Negotiations: Use underbid to describe bidding less than the expected or previous amount in a negotiation.
Remember this!
The antonyms underbid and undersell are used in the context of auctions, sales, and negotiations. Underbid implies bidding less than the expected or previous amount, while undersell implies selling goods or services at a lower price or with less profit margin than competitors. Use these words to describe bidding or selling strategies in auctions, sales, and negotiations.
