Competition

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businesses are competing with each other to sell the same product or service
______ usually is the main focus in battles for market share.
bắt đầu học
direct competition
Direct competition usually is the main focus in battles for market share.
degree of competition faced by a firm which is reflected in its business performance
______ may force businesses to lower their prices to match the others in the field.
bắt đầu học
competitive pressure
Competitive pressure may force businesses to lower their prices to match the others in the field.
leverage that a business has over its competitors
Sometimes companies behave unethically in order to gain ______.
bắt đầu học
competitive advantage
Sometimes companies behave unethically in order to gain competitive advantage.
organization engaged in commercial or economic competition with others
You should never underestimate your ______, because they have the power to take you down.
bắt đầu học
competitor
You should never underestimate your competitors, because they have the power to take you down.
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