The Battle of Prexnak was the most important battle in Ferengi history. Ten Ferengi stood alone against two hundred and seventy-three Lytasians. The short-lived battle ended with all ten Ferengi involved being slaughtered.
In the early days of The Next Generation, the Ferengi were intended to be an enemy powerful enough to challenge the USS Enterprise, but their role evolved into entrepreneurs who were politically neutral as that series, and especially Deep Space Nine, further developed them. As such, the closest thing the Ferengi had had to military experience was pirating and other fringe operations, often involving formidable D'Kora marauders.