competitive


competitive
competitive com‧pet‧i‧tive [kəmˈpettɪv] adjective COMMERCE
1. used to describe situations and behaviour in which businesses are trying very hard to be more successful than others, for example by selling their goods or services more cheaply than others:

• The food retail market in the UK is becoming increasingly competitive.

• The airline industry remains intensely competitive. Average fares are at all-time lows.

2. competitive prices are similar to or less than other companies' prices for the same product:

• Japanese consumers are being denied access to foreign goods at competitive prices.

competitive with

• Cutting the cost per unit would make nuclear fuel far more competitive with gas and coal.

3. if a process is competitive, people have to compete with each other and those who do best will be successful:

• Administrative service members are recruited through an annual competitive examination.

* * *

competitive UK US /kəmˈpetɪtɪv/ adjective COMMERCE, ECONOMICS
involving or encouraging competition: »

highly/extremely/fiercely competitive

»

The severe downturn in the worldwide semiconductor market has increased competitive pressures in the Japanese market.

»

The corporate watchdog law requires large companies to formalize competitive processes for selecting vendors.

competitive prices, services, etc. are as good as or better than other prices, services, etc.: »

The technology exists to convert grain and sugar to ethanol at a competitive price.

»

We know we have competitive products to sell, if only consumers had access to them.

»

The hotel works hard to offer competitive salaries and benefits to our employees.

»

We can't put up our prices and still remain competitive with similar brands.

competitively /kəmˈpetɪtɪvli/ US  /-ˈpeṱəţɪv-/ adverb
»

In order to encourage customers to switch providers, broadband services must be competitively priced.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • competitive — I (antagonistic) adjective adverse, at issue, at variance, challenging, clashing, colliding, combatant, combative, combatting, competing, competitor/, conflicting, contending, contentious, contrary, counteractive, decided by competition vying,… …   Law dictionary

  • Competitive — Com*pet i*tive, a. Of or pertaining to competition; producing competition; competitory; as, a competitive examination. [1913 Webster] …   The Collaborative International Dictionary of English

  • competitive — [kəm pet′ə tiv] adj. 1. of, involving, or based on competition 2. likely to succeed in competition [a competitive team] competitively adv. competitiveness n …   English World dictionary

  • competitive — 1826, from L. competit , pp. stem of competere (see COMPETE (Cf. compete)) + IVE (Cf. ive). Related: Competitively; competitiveness …   Etymology dictionary

  • competitive — [adj] willing to oppose aggressive, ambitious, antagonistic, at odds, combative, competing, cutthroat, dog eat dog*, emulous, killer*, killer instinct*, opposing, rival, streetwise, vying; concept 542 Ant. noncompetitive, unambitious …   New thesaurus

  • competitive — ► ADJECTIVE 1) relating to or characterized by competition. 2) strongly desiring to be more successful than others. 3) as good as or better than others of a comparable nature. DERIVATIVES competitively adverb competitiveness noun …   English terms dictionary

  • competitive — com|pet|i|tive [ kəm petətıv ] adjective ** 1. ) a competitive activity is one in which companies or teams are competing against each other: a competitive edge/advantage: The weakness of the pound should give manufacturers a competitive edge.… …   Usage of the words and phrases in modern English

  • competitive */*/ — UK [kəmˈpetətɪv] / US adjective 1) a competitive activity is one in which companies or teams are competing against each other He gave up playing competitive football at the age of 24. a competitive edge/advantage: The weakness of the pound should …   English dictionary

  • competitive — [[t]kəmpe̱tɪtɪv[/t]] ♦♦♦ 1) ADJ GRADED Competitive is used to describe situations or activities in which people or firms compete with each other. Only by keeping down costs will America maintain its competitive advantage over other countries...… …   English dictionary

  • competitive — adjective 1 a competitive situation is one in which people or organizations try very hard to be more successful than others: an extremely competitive market | highly/fiercely/intensely competitive: Advertising is an intensely competitive business …   Longman dictionary of contemporary English


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