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This realization in itself is quite challenging (Price and Perez 2016).
Chris Jones, chief executive of Welsh Water, said: "During this challenging price review, we needed to balance a number of priorities between making service improvements, safeguarding the environment whilst also keeping bills affordable by ensuring that we deliver a decade of below inflation price increases by 2020.
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"We need to compete in a challenging, price-led market... and this new structure offers our customers a much simpler and more cost effective way to buy it," said the Northcliffe Media commercial director, David Roddick.
Goldman raised revenue estimates but left earnings projections for Dell unchanged, noting a challenging component pricing environment.
Analysts at RBC Capital Markets said they were concerned about the longer-term outlook for H&M's like-for-like sales, "due to more challenging markets, increased price competition and a lower structural boost now from the rollout of online sales".
A just balance of quality and value in a restaurant is challenging, particularly with prices on the rise.
High-end ready-to-wear is challenging, given the prices, but it will be interesting to see what Bloomingdale's does in the coming months.
"The competitive environment has become more challenging due to pricing pressure, which has intensified in Europe since September, and the unfavorable impact on the country mix of the fall-off in demand in southern Europe," the company said.
David Phillips, a senior IFS economist, warned that such a policy would be much more economically challenging because oil prices had a disproportionate impact on Scottish tax revenues compared to the much larger UK economy.
Last month Fairfield Energy shocked its staff by announcing plans to decommission its Dunlin Alpha platform early, blaming the depressed oil price and "challenging operational conditions".
Fairfield cited the depressed oil price and "challenging operational conditions" as reasons for the move.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com