What is a competitor?

Essay by wellywell34University, Bachelor'sA-, July 2014

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Competitor � PAGE �4�


Richard Wellman Azusa Pacific Online University

When one receives a prompt instructing them to write about an abstraction the knee jerk reaction is to write about something that we all feel or experience on a day to day basis. For example, love is a very popular one and even Slater in this week's reading wrote about that particular abstraction. However, it is often something much more enjoyable and fun to select something off the beaten path and something that is not talked about enough in life and that is what it means to be a competitor.

When you search the internet for various definitions of what a competitor is you will find many different answers. For example, the business dictionary lists the definition as, " Any person or entity which is a rival against another. In business, a company in the same industry or a similar industry which offers a similar product or service.

The presence of one or more competitors can reduce the prices of goods and services as the companies attempt to gain a larger market share. Competition also requires companies to become more efficient in order to reduce costs. Fast-food restaurants McDonald's and Burger King are competitors, as are Coca-Cola and Pepsi, and Wal-Mart and Target." Webster's dictionary defines it as, "a person, team, company, etc., that competes; rival. The origin of the word itself is com- + petītor which is Latin and means rival for an office, seeker, claimant. These of course are all technically correct, but the problem is the context in which the word is often associated with, and that is athletics, business, or some other form of competition whether it be board games or maybe even video games. Either way it is always associated with competition of that...