competition
US /ˌkɑmpəˈtɪʃən/
Definition
a business relation in which two parties compete to gain customers
Tested in TOEIC business and workplace contexts.
Examples
Competition between local bakeries has led to lower prices for customers.
Word Family
Synonyms
- contestan occasion on which a winner is selected from among two or more contestants
- rivalrythe act of competing as for profit or a prize
- tournamenta sporting competition in which contestants play a series of games to decide the winner
Collocations
- Easy enter an amateur school drawing competitionto join, participate, or input into an agreement or space regarding an amateur school drawing competition
- Medium face fierce price competition among rival retailersto confront or deal with directly regarding fierce price competition among rival retailers
- Hard rigorously enforce federal antitrust competition statutesdescribing rigorously enforce federal antitrust competition statutes (in a rigorous manner)
- Very Hard strangled by ruthless predatory unfair competition tacticsto strangled by ruthless predatory unfair competition tactics, meaning to kill by squeezing the throat of so as to cut off the air
Learner's English edition · Curated definitions for TOEIC learners.