Definitions from the Web
competitiveposition
Description:
Competitive position refers to the relative standing of a product, brand, or company in comparison to its competitors in the market. It assesses the strengths and weaknesses of an entity to determine its competitive advantage or disadvantage.
Sample Sentences:
- Her company managed to strengthen its competitive position by offering innovative products.
- The restaurant's competitive position suffered due to the opening of a more popular eatery nearby.
- In order to improve their competitive position, the company had to lower their prices.
- Understanding your competitive position in the industry is crucial for long-term success.
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