Altman's Z-Score is a financial formula developed by Edward I. Altman in the 1960s that is used to predict the likelihood of a company entering bankruptcy within the next two years. Utilizing multiple corporate income and balance sheet values, this score provides an insight into the financial stability of a business.
A price war occurs when competing companies reduce their prices in a bid to attract customers, often leading to reduced profits and potentially driving some businesses out of the market.
