This article covers meaning & overview of Competitive Behavior from marketing perspective.
The term ‘Competitive’ means willing and eager to compete. Competitive Behavior includes the actions and steps taken by a firm to build or reduce the competition and to increase the market ration.
Generally competition is done in order to increase the strength, wealth or may be personal gains and it may be among companies, enterprises, industries or individual. The reason for this varies from creed to selfishness.
Competition happens by the firms in the same segment/field, same industry, and same market offering similar products and targeting the same customers to gain and sustain competitive advantages.
Success of the Competition is depends on:
Competitive Rivalry:
Important tools of competitive Behavior:
Major Outcomes:
Strengthened market position
This article has been researched & authored by the Business Concepts Team which comprises of MBA students, management professionals, and industry experts. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
Browse the definition and meaning of more similar terms. The Management Dictionary covers over 1800 business concepts from 5 categories.
Continue Reading:
What is MBA Skool?About Us
MBA Skool is a Knowledge Resource for Management Students, Aspirants & Professionals.
Business Courses
Quizzes & Skills
Quizzes test your expertise in business and Skill tests evaluate your management traits
Related Content
All Business Sections
Write for Us