Search results
- DictionaryCom·pet·i·tor/kəmˈpedədər/
noun
- 1. a person who takes part in an athletic contest: "two competitors were banned for taking drugs"
Competitor definition: a person, team, company, etc., that competes; rival.. See examples of COMPETITOR used in a sentence.
People also ask
What is competitor?
What does competition mean?
What is the difference between a competitor and a company?
What is a competitor in marketing?
- Define Competitor in Simple Terms
- What Does Competition Mean in Finance?
- Types of Competitors
- How to Analyze Competitor Performance
A competitor is a rival business whose activities have the potential to reduce another business's share of the market. A competitor who sells the same or a nearly-identical product or service is a "direct" competitor, such as Pepsi and Coca-Cola. A competitor who sells a different product or service which fulfills the same need is called an "indire...
Competition is the cause of two things that make economies flourish: innovation and affordability. To retain market share, competitors must either differentiate their offerings through innovation and brand perception or through lower prices. They challenge each other by offering improved services, better pricing, or enhanced products, all with the ...
Direct Competitors
Direct competitors are companies that offer similar products or services to the same target market, and they compete directly for the same customer base, often resulting in head-to-head competition in terms of pricing, features, and marketing strategies.
Indirect Competitors
Indirect competitors are businesses that may not offer identical products or services but fulfill similar customer needs or desires, creating a substitute or alternative option for consumers. They indirectly impact the demand and market share of the primary company's offerings.
Local Competitors
Local competitors are businesses or entities that operate within the same geographical area or region. Often, these businesses target a similar local clientele and deal with challenges unique to their locale, such as local regulations, culture, or consumer preferences. The competitive landscape at a local level can be fierce, especially in densely populated areas, where multiple businesses might be targeting a limited consumer base. On the bright side, local competitors often have a better un...
Compare Financial Metrics
Key indicators like revenue growth, profit margins, return on equity, and debt levels offer insight into a company's financial health and its operational efficiency. By benchmarking these metrics against industry averages and direct competitors, businesses can gauge their standing in the market and identify areas needing improvement. A deeper dive into these metrics can also unveil operational strategies, potential vulnerabilities, and opportunities that competitors might be overlooking. Such...
- 2 min
Definition of competitor noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
competitor meaning: a person, team, or company that is competing with others: . Learn more.
a person or an organization that competes against others, especially in business. We produce cheaper goods than our competitors. The company is outperforming its main competitors in the US market. competitor to something They are set to become formidable competitors to American companies.
A company's competitors are companies who are trying to sell similar goods or services to the same people. The bank isn't performing as well as some of its competitors. A competitor is a person who takes part in a competition or contest. One of the oldest competitors won the individual silver medal.
competitor meaning, definition, what is competitor: a person, team, company etc that is comp...: Learn more.
