The competition
Example: Competition represents other businesses offering similar products or services
Definition
"The competition" refers to other businesses or entities that offer similar products or services in the same market, aiming to attract the same customer base. It plays a crucial role in driving innovation, pricing strategies, and overall business performance.
Etymology
The phrase "the competition" comes from the Latin word 'competere,' meaning 'to strive together or rival.' Over time, it evolved to signify rivalry or contest, especially in business contexts where different companies compete for customers and market share.
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"The competition" appears in the Vocaplus list "English - Entrepreneurship - (A1-C2) - set 1", containing 110 commonly used words.
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