The idea is to let your competitors know that you’re not eager to slash prices—but that, if a price war does start, you’ll fight to the bitter end.
这样做是要让你的竞争者知道你不急于降价，但是如果价格战开战，你会奋战到最后。
2
Schwab was one of the first to slash the price of equity trades in 1975, when fixed brokerage commissions were abolished.
嘉信理财是最早几个当固定经纪佣金制度被废除后，在1975年开始大幅度降低股票交易费用的公司之一。
3
While he is even more opposed than Mr. Greenspan to the idea of restraining asset-price bubbles, he seems just as keen to slash interest rates when bubbles burst to prevent a downturn.