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Competitor Definition & Meaning - Merriam-Webster
https://www.merriam-webster.com/dictionary/competitor
Weba. : rival. a fierce competitor on the soccer field. b. : one selling or buying goods or services in the same market as another. offering lower prices than our competitors. c. : an organism that lives in competition with another. The squid population increased dramatically when food competitors were depleted by heavy overfishing. Synonyms.
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COMPETITOR | definition in the Cambridge English Dictionary
https://dictionary.cambridge.org/us/dictionary/english/competitor
Weba person, team, or company that is competing against others: Their prices are better than any of their competitors. How many competitors took part in the race? Synonyms. …
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What Is Competitor Analysis? Definition + Step-by-Step Guide
https://www.coursera.org/articles/competitor-analysis
WebMar 6, 2024 · A competitor analysis, also called competitive analysis and competition analysis, is the process of examining similar brands in your industry to gain insight into their offerings, branding, sales, and marketing approaches.
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Competitor - definition and meaning - Market Business News
https://marketbusinessnews.com/financial-glossary/competitor-definition-meaning/
WebA Competitor is a person, business, team, or organization that competes against you or your company. If somebody is trying to beat you in a race, that person is your competitor. We do not just use the term ‘competitor’ in business. Competitors also exist in sports, politics, acting, music, literature, etc.
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How to Perform a Best-in-Class Competitor Analysis (w/ …
https://buffer.com/library/competitor-analysis/
WebAug 22, 2023 · Competitor analysis is the process of evaluating your direct competitors’ companies, products, and marketing strategies. To make your analysis truly useful, it’s important to: Pick the right competitors to analyze. Know which aspects of your competitors’ business are worth analyzing. Know where to look for the data.
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3 Types of Competitors to Watch (+ How to Find Them) - HubSpot …
https://blog.hubspot.com/marketing/types-competitors-business
WebJan 20, 2022 · Here, we'll cover the three types of competitors to watch, and five ways to identify them. 3 Types of Competitors in Business 1. Direct competitors. A direct competitor probably comes to mind when you think of your competition. These are businesses offering similar (or identical) products or services in the same market.
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What Is a Competitive Analysis & How to Do It (With Template)
https://www.semrush.com/blog/competitive-analysis/
WebDec 14, 2023 · A competitive analysis is the process of gathering data about the products, sales, and marketing strategies of your competitors (i.e., other businesses in the same industry). Businesses use that data to identify their strengths and weaknesses and discover potential opportunities.
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Competitor - Definition, Meaning & Synonyms | Vocabulary.com
https://www.vocabulary.com/dictionary/competitor
WebCompetitors are rivals or contenders for the same thing. Two boxers in a ring are competitors, and so are restaurants located on the same block. When people compete (in sports, business, or elsewhere), they're trying to achieve the same goal and are therefore considered competitors.
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Competitors | Definition, Types, Performance & Strategic Analysis
https://www.financestrategists.com/wealth-management/macroeconomics/competitor/
WebNov 22, 2023 · A competitor is a rival business whose activities have the potential to reduce another business's share of the market. A competitor who sells the same or a nearly-identical product or service is a "direct" competitor, such as Pepsi and Coca-Cola.
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What Is a Competitor Analysis? | Mailchimp
https://mailchimp.com/resources/what-is-competitor-analysis/
WebA competitor analysis, also referred to as a competitive analysis, is the process of identifying competitors in your industry and researching their different marketing strategies. You can use this information as a point of comparison to identify your company’s strengths and weaknesses relative to each competitor.
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