Competitor

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Definition: Competitor

Competitor
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Full Definition of Competitor

A business that provides similar products or services. The presence of competitors in an industry drives down the price of goods and services because consumers have more alternatives from which to choose if the price of a particular good or service is too high.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/competitor/
Modern Language Association (MLA):
Competitor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 24, 2024 https://payrollheaven.com/define/competitor/.
Chicago Manual of Style (CMS):
Competitor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/competitor/ (accessed: April 24, 2024).
American Psychological Association (APA):
Competitor. PayrollHeaven.com. Retrieved April 24, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/competitor/

Definition Sources

Definitions for Competitor are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.