Definition, Meaning & Synonyms
market-competitiveness
noun
/ˈmɑrkɪt kəmˈpɛtɪtɪvnəs/
Definition
Market-competitiveness refers to the ability of a company or product to compete effectively in a market against other businesses or products.
Examples
- The rise in market-competitiveness has forced many companies to innovate.
- Understanding market-competitiveness is essential for developing successful business strategies.
- Focusing on customer service can improve a company’s market-competitiveness.
Meaning
It encompasses how well a firm can attract and retain customers while maintaining profitability in a competitive environment.
Synonyms
- Competitiveness
- Market rivalry
- Business competitiveness
- Competitive strength
