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What does undersell mean?

Looking for the meaning or definition of the word undersell? Here's what it means.

Verb
  1. To sell goods for a lower price than a competitor.
  2. To sell something for less than its value.
  3. To put forward an idea, or to market a new product, with insufficient enthusiasm.
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Examples
He could undersell any other shopkeeper in New York because he got his salesmen for next to nothing.
Even with a duty of forty-five per cent., he could compete with American tweeds, and with a lower duty he could undersell them.
To say the golf was scintillating would be to undersell not only the drama but also the quality.
In other words, we subsidize our farmers so heavily that they can undersell poor competitors abroad.
As a result, they may undersell their strengths in order to avoid being singled out and made to feel conspicuous.
He wasn't going to undersell himself again to a team with such dim prospects.

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