cost-competitive
UK[ˌkɒst kəmˈpetɪtɪv]US[ˌkɔːst kəmˈpetɪtɪv]
adj
(of a product, service, or company) able to offer prices that are as low as or lower than those of rivals while maintaining quality or profitability.
Morpheme Breakdown
cost
competitive
cost
competitive
tending to
Etymology
The compound adjective 'cost-competitive' is a modern business term that logically combines two established English words to create a precise commercial concept. The first element, 'cost', traces back to the Latin idea of a price that 'stands with' a commodity. The second element, 'competitive', originates from the Latin notion of 'striving together' in rivalry. When fused, the term's literal meaning is 'having the nature of striving together on the basis of price'. This evolution reflects the abstraction of ancient roots for physical standing and seeking into the modern economic arena, where the primary battlefield for many businesses is achieving advantage through comparative pricing.
Analysis
Structure: cost + competitive
cost: From Middle English, from Old French cost, from Latin constare ('to stand at, to cost'), from com- ('with') + stare ('to stand'). In this compound, it functions as a noun modifier specifying the domain of competition.
competitive: From Latin competere ('to strive together, agree, be suitable'), from com- ('together') + petere ('to aim at, seek'). The suffix -ive forms adjectives meaning 'tending to' or 'having the nature of'. Here, it means 'characterized by competition'.
Examples
To succeed in the global market, our manufacturing process must be highly cost-competitive.
The company lost its contract because it was no longer cost-competitive with newer suppliers.
Their cost-competitive pricing strategy allowed them to capture significant market share.