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competitive Also found in:Dictionary,Thesaurus,Financial,Acronyms,Idioms,Encyclopedia,Wikipedia. Related to competitive:thesaurus,competitive inhibition,Competitive market (kəm-pĕt′ĭ-tĭv) adj. BiochemistryRelating to the inhibition of enzyme activity that results from an alternate compound binding ...
“Competition”and“competitor”are derivatives of the word“compete.”Let’s have a look at some more derivative words, their meanings, and how we can use them in a sentence: Compete (Verb) To strive to gain or win something by defeating or establishing superiority over others. Example: “...
Among these are perfect competition, perfect knowledge, constant returns to scale, full employment, and the absence of capital and labor mobility in the "two-commodity, two-country" model. The human costs of NAFTA More results ► Dictionary browser ? ▲ compensation culture compensation order Com...
The process by which the activity or presence of one substance interferes with, or suppresses, the activity of another substance with similar affinities. Medical Dictionary for the Health Professions and Nursing © Farlex 2012 competition the interaction between organisms striving for the same end, ...
and economists have frequently rejected the idea that discriminatory pricing poses a long-term threat to competition. It is also difficult to prove a seller's intent to destroy a competitor, because a seller isn't likely to leave evidence of such an intent and it is difficult to infer such ...
Espionage involves illegal or ethically questionable activities, such as hacking a competitor’s computer system or paying a competitor’s employee to provide confidential information. What are some competitive intelligence examples? Competitive intelligence covers the entire process of understanding your ...
High Switching Costs→ If the process of switching to a different competitor’s product or service is costly or inconvenient, the original provider is likely to possess more pricing power. The decision to switch to a different provider – assuming there are high switching costs – should cause ...
When a company is unable to anticipate competitor price changes or is not equipped to make corresponding changes in a timely fashion, a retailer may offer to match advertised competitor prices. This allows the retailer to maintain a competitive price point for those who become aware of the compet...
One of the worst strategies to employ with penetration pricing is to raise the price back to normal too quickly. Not only does this open the door for a competitor to swoop in an employ their own penetration pricing strategy, but quickly making changes breaks customer trust. With the customer...