Definition, Meaning & Synonyms

rival-company

noun

/ˈraɪ.vəl ˈkʌm.pə.ni/

Definition

A business that competes with another in the same industry or sector.

Examples

Apple is a rival company to Samsung in the smartphone market.
The two rival companies have been in a fierce battle for market dominance.
After years of competition, the rival companies decided to collaborate on a new project.

Meaning

A rival company is an organization that offers similar products or services and targets the same customer base as another company. It seeks to attract customers and gain market share, creating competition in the marketplace.