BNET Business Dictionary
Business Definition for: Competition
- rivalry between companies to achieve greater market share. Competition between companies for customers will lead to product innovation and improvement, and ultimately, lower prices. The opposite of market competition is either a monopoly or a controlled economy, where production is governed by quotas. A company that is leading the market is said to have achieved competitive advantage.
Wiktionary Definition for: Competition
- # uncountable the action of competing
- Ex:''The competition for this job is strong.''
- # countable a contest for a prize or award
- Ex:''The newspaper is featuring a competition to win a car.''
Additional Resources
- A New View of Competition
- Competition is on the cover of the latest issue of the Wilson Quarterly, the highly readable intellectual smorgasbord published by the Woodrow Wilson Center. Its four articles focus on how competitive American life has become, with obvious implications for business. Daniel Akst, in an article entitled “Strive...
- Blog posts 2007-11-12
- FCC to start probes into wireless innovation, competition and billing
- WASHINGTON--The FCC voted today to begin wide-ranging inquiries into how to promote innovation in the wireless industry, how to analyze competition in the industry and how best to provide consumers with information about their mobile service plans. In its first open meeting as a full panel in more than seven...
- News items 2009-08-27
- Do you Diss the competition?
- Do you Diss the competition?Jobs is not an idiot. He is a lousy businessman.Youhav almostidentified the real mistake whichJobs has made over and over again.David Sarnoff was CEO of RCA while Television was being invented. He supplied funding to all the players who were developing the components which ultimately made...
- Discussion threads 2008-01-23
- Imports, Entry and Competition Law as Market Disciplines
- Since the early 1990s, numerous countries have adopted or strengthened competition legislation. In this article, one investigates the impact of competition law on industry markups over time and across a large number of countries. It finds both domestic and foreign competition to be major sources of market discipline in concentrated...
- White papers 2003-01-01
- Product Market Competition, Returns To Skill And Wage Inequality
- This paper shows that increasing product market competition can have a direct impact on the employment relationship and on wage inequality. The author develops a simple model in which an increase in product market competition increases returns to skill through the effect of competition on the sensitivity of profits to...
- White papers 2005-05-01
- Innovation Through Competition
- Innovation Through Competitioninnovation through CompetitionI most certainly do agree with the subject under discussion but my feeling about innovation is that it needs to be something that comes out of the person without influencing factors. I need to explain this ..statistics prove that 90% of the great ideas and problems...
- Discussion threads 2007-09-13
- -AUSTRALIAN COMPETITION AND CONSUMER COMMISSION: ACCC issues Internet competition notice to Telstra
- M2 PRESSWIRE-28 May 1998-AUSTRALIAN COMPETITION AND CONSUMER COMMISSION: ACCC issues Internet competition notice to Telstra C1994-98 M2 COMMUNICATIONS LTD RDATE:280598 The Australian Competition and Consumer Commission today issued its first Competition Notice* alleging Telstra Corporation Limited has engaged in anti- competitive conduct in breach of...
- Research articles 1998-05-28
- FCC investigates wireless carrier competition
- By Neil HughesPublished: 10:45 AM EST Related AppleInsider articles:Google responds to FCC, Skype rejection claimsApple, Google still share board of directors...FCC investigates Apple, AT&T for Google Voice...FCC to investigate markets where iPhone is not...U.S. senators ask FCC to examine exclusive...The Federal Communications Commission signaled this week that it will look...
- News items 2009-08-28
- Financial Dependence, Banking Sector Competition, and Economic Growth
- The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. The paper first estimates for 16 countries a measure of banking system competition based on industrial organization theory....
- White papers 2005-01-01
- TELSTRA IS A RISK TO COMPETITION: AUSTRALIAN CONSUMER WATCHDOG.
- SYDNEY, March 7 Asia Pulse - Telstra Corp Ltd (ASX:TLS) is a risk to competition according to Australia's top competition watchdog at the Australian Competition and Consumer Commission ACCC Allan Fels. SYDNEY, March 7 Asia Pulse - Telstra Corp Ltd (ASX:TLS) is a risk...
- Research articles 2003-03-07
- Compassion for your competition? (Viewpoint).(Editorial)
- Every business has competition. No matter how civil your organization is, deep down the relationship with your competition is probably adversarial. Some say that they like competition because it helps expand the market. But, hey, let's face it--they' Every business has competition. No matter how civil...
- Research articles 2003-03-01
- Bureau Protects Competition in Baby Healthcare Product: Johnson & Johnson to Sell Zincofax.
- OTTAWA, ONTARIO, Dec 20, 2006 CCNMatthews via COMTEX -- The Competition Bureau filed a consent agreement today with the Competition Tribunal to resolve competition concerns arising from Johnson & Johnson's acquisition of the consumer healthcare OTTAWA, ONTARIO, Dec 20, 2006 CCNMatthews via COMTEX -- The ...
- Research articles 2006-12-20
- A Competition Policy for Malaysia?*
- Abstract: Several developing countries in East Asia and other regions of the world economy are currently developing competition laws and other competition-promoting policies. At present Malaysia does not have a specific act dealing with competition. Subsequent to discussing the trends in competition policy in East Asia, this paper examines the...
- Research articles 2001-06-01
- Competition enforcement in the European Union: a three-way partnership: with Europe's modernized competition regime highlighting the importance of both public and private enforcement, companies are self-assessing.
- THE FORMER European Commissioner for Competition Policy, Mario Monti, described the arrival of the European Union's new competition regime as a "a revolution in the way competition rules are enforced in the European Union." He was referring to Regulation 1/2003, which came into force on 1...
- Research articles 2005-01-01
- Policy breeds competition, competition breeds policy.
- WASHINGTON--One word describes wireless telecom policy in the last 20 years: competition. "Wireless was competitive before competition was cool," said Brian Fontes, vice president of federal relations for Cingular Wireless Inc. and WASHINGTON--One word describes wireless telecom...
- Research articles 2001-10-22
- FTC workshop on internet competition. (Noted In The Federal Register).(Federal Trade Commission workshop Possible Anticompetitive Efforts to Restrict Competition on the Internet)(Brief Article)
- FTC WORKSHOP ON INTERNET COMPETITION: The Federal Trade Commission will hold a public workshop, Oct. 8-10, on "Possible Anticompetitive Efforts to Restrict Competition on the Internet." The workshop will focus on how certain state regulatio FTC WORKSHOP ON INTERNET COMPETITION: The Federal Trade Commission will...
- Research articles 2002-07-29
- Emerging telecommunications competition 'must not be killed off'.
- M2 PRESSWIRE-7 March 2006-ACCC: Emerging telecommunications competition 'must not be killed off'C1994-2006 M2 COMMUNICATIONS LTD RDATE:07032006 Competition in telecommunications is beginning to bear fruit, but the Australian Competition and Consumer Commission remains concerned that threats to competition still exist, its...
- Research articles 2006-03-07
- Competition Notice lifted.
- M2 PRESSWIRE-2 March 2007-ACCC: Competition Notice liftedC1994-2007 M2 COMMUNICATIONS LTD RDATE:02032007 The Competition Notice issued in relation to Telstra's wholesale line rental price increase has been revoked by the Australian Competition and Consumer Commission. The Competition Notice was...
- Research articles 2007-03-02
- -AUSTRALIAN COMPETITION AND CONSUMER COMMISSION: ACCC issues fresh competition notice on churn.
- M2 PRESSWIRE-15 October 1998-AUSTRALIAN COMPETITION AND CONSUMER COMMISSION: ACCC issues fresh competition notice on churn C1994-98 M2 COMMUNICATIONS LTD RDATE:141098 The Australian Competition and Consumer Commission has today issued a further Competition Notice regarding Telstra's customer transfer process (known within...
- Research articles 1998-10-15
- -AUSTRALIAN COMPETITION AND CONSUMER COMMISSION: Bringing home benefits of competition to consumers.
- M2 PRESSWIRE-29 October 1998-AUSTRALIAN COMPETITION AND CONSUMER COMMISSION: Bringing home the benefits of competition to consumers C1994-98 M2 COMMUNICATIONS LTD RDATE:291098 Competition and consumer officials from around the world will meet in Sydney next month to develop a network to bring...
- Research articles 1998-10-29
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