Economic competition

Definition (http://en.wikipedia.org/wiki/Economic_competition)

In economics, competition is the rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix: price, product, distribution, and promotion. (Wikipedia)

Preferred Units: N/A

Scope Note:
N/A

This term is used for the following terms: 
Competition (economics)
Market competition

Approved Date
19-Jun-2013

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