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Competition in Business – Importance

February 21, 2023February 21, 2023 Young Entrepreneur adapt, advertising, businesses, competition, crowded markets, customers, differentiate, growth, industry, innovation, market, market share, marketing, profits, reputation, Research and development, rivalry, smaller businesses, strategy

Competition refers to the rivalry between businesses operating in the same market or industry. In a competitive market, companies strive

100 business terms

Definitions Guide

100 Terms Every Entrepreneur Should Know !

February 13, 2023April 10, 2023 Lisa Brown accounting, advertising, Aggregate demand, Algorithm, angel investor, asset, Auditing, Balance sheet, Bankruptcy, benchmarking, Bond, branding, Business cycle, business plan, capital, Capital budgeting, Capital structure, cash flow, Channel of distribution, Coefficient of variation, Collective bargaining, competition, Consumer behavior, Corporate culture, Corporate strategy, Cost benefit analysis, Cost of goods sold, Cost structure, Credit, CRM, crowdfunding, Customer Relationship Management, customer service, Data analytics, debt, Deflation, Delivering value, Demand curve, Demand forecasting, Demography, Depreciation, Direct marketing, Diseconomies of scale, Diversification, e-commerce, Economic growth, Economic indicator, Economies of scale, Elasticity of demand, Employee engagement, entrepreneurship, equity, Exchange rate, FDI, Financial management, Financial ratio, Financial reporting, Fixed cost, Foreign direct investment, Free trade, GDP, Gross Domestic Product, Human resources management, inflation, Intellectual property, Interest rate, International business, Inventory management, investment, Joint venture, Labor force, Labor union, liabilities, Limited liability company, Liquidity, LLC, Logistics, Long-term debt, M&A, Market analysis, market share, marketing, Marketing mix, Mergers and acquisitions, Monetary policy, Negotiations, Net present value, networking, NPV, outsourcing, Patents, Payroll, Pension plan, PR, Price elasticity of demand, Price floor, Price sensitivity, Price strategy, Price war, Profit, Profit margin, Project management, Public relations, Quality control, R&D, Research and development, sales

There is a great page on this site, where you can find a short description of many important business terms,