The competition
Example: Competition represents other businesses offering similar products or services
Definition
"The competition" refers to other businesses or entities in the market that offer similar products or services, striving to attract the same customers and gain market share by outperforming each other in terms of price, quality, or innovation.
Etymology
The term "the competition" comes from the Latin word 'competere,' meaning 'to strive together.' It evolved to describe the rivalry between individuals or groups aiming for the same goal, especially in business contexts where companies compete to win customers and succeed.
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"The competition" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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