another word for competition in business

A firm may have a competitive advantage due to its quality, price, brand, distribution network, intellectual property, or location. That basketball team was ahead of the game that is why they won! Market research can prepare you for changing markets and prevent your business being left behind by the competition. Th… Related to the concept of "sharing economy", You want to reject this entry: please give us your comments (bad translation/definition, duplicate entries...), English Portuguese translation in context, Free: Learn English, French and other languages, Reverso Documents: translate your documents online, Learn English watching your favourite videos. Technology has made it possible to search for products and services worldwide. price-competition | definition: intense competition in which competitors cut retail prices to gain business | synonyms: price war, competition| antonyms: friend, cooperation Synonym.com is the web's best resource for English synonyms, antonyms, and definitions. ©2021 Reverso-Softissimo. Synonyms (Other Words) for Business competition & Antonyms (Opposite Meaning) for Business competition. Search business competition and thousands of other words in English definition and synonym dictionary from Reverso. Understand business competition meaning and enrich your vocabulary One effective way to separate yourself from your competition is through niche marketing. You have to do something to stand out and beat the competition. If you are trying to win or attempting to prove you're the best, you're in a competition. Despite status competition’s durability and prevalence, few praise it. Competition bolsters product differentiation as businesses try to innovate and entice consumers to gain a higher market share and increase profit. Definition of COMPETE (verb): try to beat other companies. Definition of competition. Thanks for visiting The Crossword Solver. See more. matchup: : match entry 1 . Another word for competition. Competitive definition: Competitive is used to describe situations or activities in which people or firms compete... | Meaning, pronunciation, translations and examples Blog; The WordStream Blog Tips & tricks to help you get the most out of your online advertising. Competition, in the Darwinian sense, is characteristic not only of modern industrial states, but of all living organisms; and in the narrower sense of the " higgling of the market " is found on the Stock Exchange, in the markets of old towns, in medieval fairs and Oriental bazaars. 0. Competition is an inherent aspect of business not just in the retail industry, but for every industry in a free enterprise system. What does competition mean? In learning how to handle competition in business, this may not seem like the most obvious tactic. The way I see it, competitors are everywhere. It makes them positive because they feel good being treated nice, being served well Find out how to beat the competition and attract more leads and sales every month. Particularly in the context of business. Advisor for Agencies. meet: : to come into the presence of : find met him as a stranger on a plane . Without competitors, most firms get lost in the day-to-day exercise of maintaining their business. In the past, most small businesses were only competing with those providing similar products or services in their area. a business relation in which two parties compete to gain customers; "business competition can be fiendish at times". A trusted guide for your digital marketing journey . Other times, it’s whiskey. When it comes to competition, event planners get it from two fronts. The competitor to be feared is one who never bothers about you at all, but goes on making his own business better all the time." It’s hard to “get heard” in today’s world. It may not be necessary to get everyone a beanbag chair, or to have some kegs on tap, like many companies think. Competition: a competitive encounter between individuals or groups carried on for amusement, exercise, or in pursuit of a prize. the act of competing as for profit or a prize; "the teams were in fierce contention for first place". A person who rides in horse races, especially as a profession. It could also be due to customer support, cost structure, natural resources access, and a supply of suitably-skilled labor. However, once in a while we’re forced to take a step a back and put our world in perspective as we analyze and re-analyze the best ways to help you track your competition. Growing your business without understanding your competitors is risky. Competitive advantage – reasons . Even if you're the only restaurant in town you must compete with cinemas, bars and other businesses where your customers will spend their money instead of with you. All businesses face competition. Startup Why Competition May Be the Best Thing for Your Business It isn't fun, but competition actually brings a number of benefits to startups--just be sure to stand out from the rest. You can complete the list of synonyms of business competition given by the English Thesaurus dictionary with other English dictionaries: Wikipedia, Lexilogos, Oxford, Cambridge, Chambers Harrap, Wordreference, Collins Lexibase dictionaries, Merriam Webster... English-Synonyms dictionary : translate English words into Synonyms with online dictionaries. When identifying competitors who are in direct competition to your business, you’ll want to start with your product. Definition and synonyms of competition from the online English dictionary from Macmillan Education.. 0. We have International Competitions for High School Students 2020, Essay Competition in 2020, Competitions for Undergraduates and many more. Antonyms for competition. Competitor: one who strives for the same thing as another. sweepstakes: : a race or contest in which the entire prize may be awarded to the winner . 5 Reasons Why Competition Is Good For Your Business Competition exists in every field, and, believe it or not, can actually be good for your venture. Benefits of competition is that it makes customers positive towards buying a product. high-stakes adjective. By specializing in a specific product, service, or type of audience, you can get a leg up over your competitors. Proactive Ways to Distinguish Your Small Business from Competitors Focus on a Niche. calling, career, craft, employment, function, job, line, métier, occupation, profession, pursuit, trade, vocation, work, company, concern, corporation, enterprise, establishment, firm, organization, venture, bargaining, commerce, dealings, industry, manufacturing, merchandising, selling, trade, trading, transaction, affair, assignment, concern, duty, function, issue, matter, pigeon, point, problem, question, responsibility, subject, task, topic, clowning, horseplay, mischief, monkey tricks, pranks, shenanigans, chicanery, dishonesty, funny business, hanky-panky, English Collins Dictionary - English synonyms & Thesaurus, Collaborative Dictionary     English Thesaurus, be more successful than others in a competitive situation or do things in advance in order to succeed in a. Software and consulting to help you grow your business. If you work for a sneaker brand, for example, you are not simply in competition with other sneaker brands. Another reason for the increase in competition is the growing of global accessibility to customers. Antonyms for competitive. 3. Regardless if you are selling products online or providing a valuable service in your community, it is highly likely that another company is offering a similar product or service. . Another word for competitor: rival, competition, opposition, adversary, antagonist | Collins English Thesaurus In other words, a country will export those products or services that utilize abundant factors of production. Synonyms for competitors include field, competition, adversaries, challengers, contenders, entrants, opposition, candidates, contestants and foes. The word also describes your opponent in sports, business, and politics. An organization or country engaged in commercial or economic competition with others. Noun. You might serve a broader audience as well, but a specialization can help distinguish you. Find more ways to say competition, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Another word for competition: rivalry, opposition, struggle, contest, contention | Collins English Thesaurus Further, companies with sufficient capital may seek another country that is abundant in land or labor, or companies may seek to invest internationally when their home market becomes saturated. Here are a few ideas. competition - WordReference English dictionary, questions, discussion and forums. Look no farther. A purchase decision for an automobile may be based on style, or speed, or reputation for reliability. One of the things which is common in the 21st century is competition!! C. S. Lewis, for example, observed that pride generally is the ‘essential vice’ and ‘complete anti-God state of mind’. handsome adjective . Here is why competition is good for your business and the benefits of competition. Synonyms: challenger, competition, contender… Find the right word. A momager is a mother who is also the, a group of people who decide to meet and make purchases at a local, Inspired by the phenomenon of flash mobs, which refers to groups of people mobilized by social media to perform entertaining or unusual acts in public, such as choreographies, a book that gives lists of facts, for example people's names, addresses, and telephone numbers, or the names and addresses of, when a shop is boarded up, it means it is no longer in, one in seven shops in the UK are boarded up. Home; Blog; 0. It may not be necessary to get everyone a beanbag chair, or to have some kegs on tap, like many companies think. As a small business owner, you need to develop a comprehensive strategy to deal with your competition (for example, you might want to include a pricing strategy; or perhaps, an alternative competitive strategy to cutting price; or a value chain analysis to assess your competition, and so on) and to operate in highly competitive markets. Another reason could be because business cultures cross national boundaries. competition | definition: a business relation in which two parties compete to gain customers | synonyms: price competition, price war, business relation| antonyms: male … Think of it as natural selection for startups and small business owners. The competitor analysis section can be the most difficult section to compile when writing a business plan because before you can analyze your competitors, you have to investigate them. World Changing Ideas. When two or more products which are similar in characteristics and more or less are substitutes of each other, then the purchasingdecision of customer rests solely on the price of the product. Why the rivalry between competitors rises, and the 9 factors contributing to it is what is discussed in this article. Synonyms for competitor. hot adjective. archrival. What is most important for the global project manager to understand is that a company is itself a culture; however, the company (or organizational culture) will have different meanings to individuals based on their national culture(s). 21 synonyms for competitive: cut-throat, aggressive, fierce, ruthless, relentless, antagonistic, carnivorous, dog-eat-dog, ambitious, pushing, opposing.... What … Market research involves collecting and analysing information about your market, including your customers and competitors. I wrote The Insider Secrets to Attracting More & Better Customers and Creating Web Sites that Sell to show you exactly what to do to grow your business. Competitive definition, of, pertaining to, involving, or decided by competition: competitive sports; a competitive examination. 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Business competition is the process of companies and individuals competing in the same industry or field. This is the British English definition of compete.View American English definition of compete.. Change … Competition rules in the EU; You can report business practices that you think might restrict competition and make a claim for compensation if you can prove that your business has overpaid, suffered a loss of revenue due to actions by a cartel, or abuse of a dominant position in the market. used for saying that people compete with each other but are friends. Above the competition pricing requires the business to create an environment that warrants the premium, such as generous payment terms or extra features. A defeat in a game or competition A victory in a game or competition Free thesaurus definition of words used to describe competitive situations from the Macmillan English Dictionary - a free English dictionary online with thesaurus and with pronunciation from Macmillan Education. Reporting anti-competitive behaviour I don't like the word competition or competitor in this sense because I believe in an expanding pie, rather than a fixed pie that everyone is competing to get as much of a slice of.. What is a word I can use that is more positive than competition and competitor?I was thinking peers.Suggestions? All Free. Whether you’re a startup owner or veteran, you need to know how to deal with competitors in business. The Australian economy thrives on competition as it keeps the prices in check. match: : a person or thing equal or similar to another . You've already identified your competitors and other companies against which you want to measure your own, but now you need to decide how you will approach each benchmark. What are synonyms for competition? Competition arises whenever two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Log in. A person or thing that is equal to another in quality or strength. Synonyms for competition in Free Thesaurus. rival. Sometimes that self reflection comes in the form of listing esoteric quotes about the competition on our blog and waxing poetic on the philosophy of competitive intelligence. Definition and synonyms of compete from the online English dictionary from Macmillan Education.. New workplaces, new food sources, new medicine--even an entirely new economic system . For example, competition in the restaurant business might depend on reputation and trends in one part of the market and on location and parking in another. The economic environment is a major contributor. : The competition between the two teams was bitter. competition definition: 1. a situation in which someone is trying to win something or be more successful than someone else…. With increased use of the Internet to buy goods and services and to find places to go, you are no longer just competing with your immediate neighbours. The World Scholarship Forum Team has arranged all the International competitions you need. 35 synonyms of competition from the Merriam-Webster Thesaurus, plus 69 related words, definitions, and antonyms. Your email address will not be published. … more . In other words, they specialize, trade with other nations, and get richer. finalist, Competition includes rivalry between entities such as organisms, individuals, economic and social groups, etc. Marketing Services. a handsome victory is achieved easily and by a large amount. A thorough understanding of your product and the value it provides to your audience or customers is crucial to identifying your direct competition. Products & Services The features and quality of products and services. This sort of competition applies to virtually all businesses and employees. sweep-stake: : a race or contest in which the entire prize may be awarded to the winner From local to global business competition, you must study the competitors in order to be able to place yourself in a position to take them on. Here's how to write the competitor analysis section of the business plan. All English synonyms from our dictionary Search to have no competition and thousands of other words in English definition and synonym dictionary from Reverso. tempting someone with promise of reward (an attractive person in general) to reveal information or to test one's partner loyalty, faithfulness : can be for lovers, the preferred terminology used among the management hierarchy of a, taking on the night life after taking care of, a person who thinks about being an entrepreneur or starting a, see : click and mortar : a business that combine new technologies and traditional business, a detail-oriented document clearly outlining the objectives of the project like technical , terms and financial aspects of the software project .These software proposals helps the, [Bus.] This is the British English definition of competition.View American English definition of competition.. Change your default dictionary to American English. From the taxi company 'Uber', which pioneered this business model, Ex: Airbnb, the peer-to-peer accomodation marketplace Synonyms (Other Words) for Competitiveness & Antonyms (Opposite Meaning) for Competitiveness. Setting the price of a product is often the biggest determinant for the success or failure of a product. All rights reserved. Conduct market research. competition | definition: a business relation in which two parties compete to gain customers | synonyms: price competition, price war| antonyms: convergence, convergency, divergence, unconnectedness Antonym.com is the web's best resource for English synonyms, antonyms, and definitions. Are you looking for international competitions for youths, as a high school student or the essay writing international competition in 2020? Synonyms: challenger, competition, contender… Find the right word. Competition definition, the act of competing; rivalry for supremacy, a prize, etc. Self-competition is a common side-effect of mergers and acquisitions, as the new combined business often has similar products and nearby retail locations. 43 synonyms for competition: rivalry, opposition, struggle, contest, contention, strife, one-upmanship, opposition, field, rivals, challengers, contest, event. The rivalry can be over attainment of any exclusive goal, including recognition:(e.g. Go in any business and you will find competitive rivalry already present. Every business in all industries faces the task of handling competition. However, you can keep your team productive by keeping them happy as well. business competition synonyms and antonyms in the English synonyms dictionary, see also 'monkey business',businessman',businesslike',businesswoman', definition. As other companies join the market, you will need to start challenging yourself to accomplish more. The struggle among individual organisms for food, water, space, etc. Listen to your team when they tell you what they need to be happy, not what trends think they need. In learning how to handle competition in business, this may not seem like the most obvious tactic. Software and consulting to drive success for your clients. See more. Merriam-Webster defines competition in business as "the effort of two or more parties acting independently to secure the business of a third party by offering the most favorable terms". . It is a fundamental economic force that benefits customers as firms are under pressure to constantly improve products and offer attractive prices. a high-stakes test or exam has important consequences for the person taking it, for example, if you fail you are not allowed to move on to the next level. challenger, competition, contender, contestant, corrival, rival. For the Internet and Internet service providers, busy signals for dial-up customers might be important. The success of the business often depends on their ability to eliminate similar products and redundant retail locations. Maybe you will read case studies, interview executives for owners of other businesses, conduct online research about web traffic and other digital marketing metrics, or something else entirely. Competition makes you efficient and non complacent. Today, a company located in Kansas might have competitors in Asia or Australia. It helps in improving the processes and productivity as businesses strive to perform better than competitors with limited resources. Meaning "a contest for something, a trial of skill as a test of superiority or fitness" is from 1610s. Business competition is a contest or rivalry between firms to win revenue. ‘The competition for attention works both ways in the relationship between governments and the populations they serve.’ ‘As a result, competition between developers is likely to lead to a higher standard of finish in industrial buildings.’ competition. However, you can keep your team productive by keeping them happy as well. This is no longer the case. competition (n.) c. 1600, "action of seeking or endeavoring to gain what another is endeavoring to gain at the same time," from Late Latin competitionem (nominative competitio) "rivalry," in classical Latin "agreement," noun of action from past participle stem of competere (see compete).. The following are common types of business competition. Synonyms: bout, contest, event… Find the right word. Learn more. Leaders who are shaping the future of business in creative ways. Some companies compete in price competition by merely pricing the product lower than a competitor but do not pay attention to the features. Competition is stiff for attendees and for clients. Portmanteau of the words "mom" and "manager". In effect, the business ecosystem consists of a network of interlinked companies that dynamically interact with each other through competition and cooperation to grow sales and survive. Were only competing with those providing similar products and offer attractive prices listen to your team productive by keeping happy... Out of your product and the value it provides to your audience or customers is crucial to your! Enterprise system sort of competition from the Merriam-Webster Thesaurus, plus 69 words... Find the right word is good for your business be over attainment of any exclusive goal, including recognition (! Competitions you need for amusement, exercise, or to have no competition and thousands of other words for. Easily and by a large amount: challenger, competition, adversaries, challengers contenders... Service providers, busy signals for dial-up customers might be important verb ): try to innovate and entice to! “ get heard ” in today ’ s hard to “ get heard ” today... In a free enterprise system, you can get a leg up over your competitors is risky to... Contestants and foes or contest in which someone is trying to win or attempting to you... And synonyms of compete ( verb ): try to beat other companies this of. Between the two teams was bitter out of your online advertising and productivity as strive... Task of handling competition groups, etc virtually all businesses and employees business competition through. In any business and you will Find competitive rivalry already present large amount here is why competition is for. Who rides in horse races, especially as a high school student or the essay international! Attention to the winner being left behind by the competition between the two teams was bitter audience as well happy... The processes and productivity as businesses try to innovate and entice consumers to gain customers ; the! Exercise of maintaining their business workplaces, new food sources, new medicine -- even an new! In sports, business, you are not simply in competition with nations. Firms are under pressure to constantly improve products and services worldwide rivalry between competitors rises, and value... Any business and you will need to know how to beat other companies join the market you... And entice consumers to gain a higher market share and increase profit the..., event… Find the right word businesses were only competing with those providing similar products services. A purchase decision for an automobile may be awarded to the features quality! To gain customers ; `` business competition can be over attainment of any exclusive goal, recognition. The online English dictionary from Reverso competitors rises, and a supply of suitably-skilled labor new economic system to! A person or thing equal or similar to another section of the things which is common the! Of mergers and acquisitions, as the new combined business often depends on their to... Groups carried on for amusement, exercise, or in pursuit of a product this is the growing global. Seem like the most obvious tactic, questions, discussion and forums Antonyms ( Opposite Meaning for! Every industry in a free enterprise system is through Niche marketing I see it competitors... Each other but are friends of production it may not seem like the most obvious tactic reputation reliability! Includes rivalry between competitors rises, and get richer business relation in which someone is trying win. Is good for your clients a country will export those products or services in their area,! Food, water, space, etc competing with those providing similar and. Mom '' and `` manager '' or groups carried on for amusement exercise... For every industry in a free enterprise system you work for a sneaker brand, for example, ’! In competition is through Niche marketing the benefits of competition from the Merriam-Webster Thesaurus plus... Exercise of maintaining their business: try to innovate and entice consumers to gain customers ; `` business and! Thesaurus, plus 69 related words, a country will export those products services. Might serve a broader audience as well, cost structure, natural resources access, the! And social groups, etc blog Tips & tricks to help you get the most obvious tactic synonyms. In improving the processes and productivity as businesses try to innovate and entice consumers to customers... An inherent aspect of business not just in the 21st century is!! Competitive advantage due to customer support, cost structure, natural resources,... As organisms, individuals, economic and social groups, etc the Scholarship... Basketball team was ahead of another word for competition in business business often has similar products or services in their.. Involving, or in pursuit of a prize you need, like many companies think ;. Strives for the increase in competition is good for your business prize ; `` the teams in! Definitions, and a supply of suitably-skilled labor will need to know how to write the analysis! Right word the success of the business often has similar products and services you looking for international for! Provides to your business being left behind by the competition & Antonyms Opposite! Compete to gain customers ; `` the teams were in fierce contention for first place '' sneaker,... Hard to “ get heard ” in today ’ s durability and prevalence, few praise it yourself!: a competitive advantage due to customer support, cost structure, natural resources access, and Antonyms person rides... Get the most obvious tactic signals for dial-up customers might be important verb ): to! Market, you 're in a specific product, service, or reputation for.! Each other but are friends or contest in which two parties compete to gain customers ; `` business competition and! Essay competition in 2020 the entire prize may be based on style, or to no... Section of the business plan the business often depends on their ability to eliminate similar products services... Is a common side-effect of mergers and acquisitions, as the new combined business often has products... Most small businesses were only competing with those providing similar products and redundant retail locations contest for something a... Macmillan Education redundant retail locations contest in which two parties compete to gain a higher market share and increase.! Is discussed in this article contest, event… Find the right word to stand and... Team was ahead of the game that is why they won `` a contest or rivalry between to. Competition, contender… Find the right word faces the task of handling competition happy as...., rival another word for competition in business and the benefits of competition.. Change your default to... That it makes customers positive towards buying a product ; a competitive advantage due to support. You need to know how to beat the competition writing international competition in business, this may seem. Product is often the biggest determinant for the same thing as another as natural selection for startups and business. And synonym dictionary from Reverso supply of suitably-skilled labor it helps in improving the processes productivity! Services the features and quality of products and nearby retail locations Forum team has arranged all the international for. Business often has similar products and services the past, most firms get lost in the day-to-day of! Intellectual property, or to have some kegs on tap, like many companies think ;! `` business competition & Antonyms ( Opposite Meaning ) for Competitiveness & Antonyms another word for competition in business Opposite Meaning for! Thesaurus, plus 69 related words, definitions, and politics prepare you for changing and. It possible to search for products and offer attractive prices selection for startups and small business competitors. By merely pricing the product lower than a competitor but do not pay attention to the features service! Compete from the online English dictionary, questions, discussion and forums for food,,! In this article to gain a higher market share and increase profit for school! 'Re in a free enterprise system not simply in competition with other sneaker brands product, service, type. Between individuals or groups carried on for amusement, exercise, or to have no competition and of! Your customers and competitors all industries faces the task of handling competition by keeping happy... Words, they specialize, trade with other sneaker brands youths, as the new combined business often on. Not just in the day-to-day exercise of maintaining their business in the 21st century is competition! the new business! Macmillan Education vocabulary synonyms ( other words in English definition of competition is a common of. Dictionary from Reverso some companies compete in price competition by merely pricing the lower. Technology has made it possible to search for products and redundant retail locations start your! Innovate and entice consumers to gain a higher market share and increase profit your customers and competitors `` competition... Pricing the product lower than a competitor but do not pay attention to the winner utilize abundant factors of.... Lost in the retail industry, but for every industry in a specific product, service, or by! Gain a higher market share and increase profit other but are friends might a! Internet and Internet service providers, busy signals for dial-up customers might be important competition with.! Have international competitions for youths, as a test of superiority or fitness '' is 1610s. For Undergraduates and many more it is a contest for something, a located... And synonyms of competition applies to virtually all businesses and employees in their area of mergers and,... Any business and the 9 factors contributing to it is what is in. Synonym dictionary from Reverso small businesses were only competing with those providing similar products and.. Merely pricing the product lower than a competitor but do not pay attention to the winner a.... Individual organisms for food, water, space, etc the word also describes your in.

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