BEN1 / Voc. 12-28
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Flashcards
competitive advantage
when a company offers a better product or service than a competing company
competitive position
the position that a company has, for example its size or growth, when compared to sompeting companies
competitive pressure
the effect that one company can have on a similar company
competitive price
a price that is similar to or lower than another company's price
competitive product
a product hath has a particular advantage over another product
competitive strategy
a plan that a company has to make it more successful than other similar companies, or the study of how to make thes plans
competitive threat
something that a company can do to weaken the position of a competing company
competitor
a company that is competing against another company in an industry
cut-throat competition
very strong competition
encourage competition
to make competition more likely to happen
ferocious competition
very strong competition
fierce competition
very strong competition
harm competition
to damage competition
inhibit competition
to prevent competition from happening
intense competition
very strong competition
intensify competition
to make competition stronger
key player
one of the main companies in a particular industry
minor player
a company or country in a market that is not one of the main competitiors
monopoly
an organization or a group which has complete control of somehting
sharpen competition
to increease competition
stiff competition
strong competition
stifle competition
to prevent competition from happening
addes-value
an improvement or addition to something which makes it worth more
build a competitive advantage
to build a strategy in order to become more successful
buyer
someone who buys something
competitive force
pressure that a firm has to consider when making its strategy
cost leadership
the act of offering products or services at the lowest cost
differentiation
the act of offering a product or service that is different from companies and showing customers how it is better
environment
the air, water and land in or on which people, animals and plants live
external factor
an influence that comes from outside a company
focus
the main point of interest or attention
industry
the people and activities involved in one type of business
industry competitior
a company that is in the same industry as another company and is competing against it
internal factor
an influence that comes from within a company
maintain a competitive advantage
to build up a strategy in order to remain successful
niche
a specific part of a market which a has particular needs
opportunities
possibilities to gain an advantage in business
potential entrant
a company that may start to sell goods or services in a particular market
strengths
good characteristics
stuck in the middle
having problems because you do not follwo one plan or another possible plan
