The basics of winning undercutting wars is building up a stock pile to compete with everyone else. So let's think about your strategy. You are about to go into a market where there is heavy competition, you are prepared to invest the time to make sure your items are the lowest price, but how do you handle the constant undercutting?
This is an area which is more of a kind of opinion that fact. If you are being heavily undercut what do you do? You have a couple of options at your disposal. You can just go as low as you can possibly go as you pray that the demand eventually hits your demand. OR you can go out and make friends with farmers and build one heck of a stock pile that can easily compete with your competition. If you can buy a product for much lower than you competitors then you will remain on top of making a profit. Your competitors will have to give up eventually because they can't make a profit.
Something I have done of late is that I undercut down to no profit or a negative loss. I feel that the competitive nature of me does not want my competitors to gain any gold which they could further gain as investment in stock against me. If I can slow or prevent that from happening I feel that I am in control of the economics of my realm.
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