competitiveness

  

Definition

Ability of a firm or a nation to offer products and services that meet the quality standards of the local and world markets at prices that are competitive and provide adequate returns on the resources employed or consumed in producing them.

Use competitiveness in a sentence

  • The other business had a lot of competitiveness and would push us to our limit and that just made it a lot more fun.

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  • You need to have a certain amount of competitiveness if you want to be able to work your way up the corporate ladder.

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  • You should strive to have good competitiveness in your business so that you are always trying to beat your competitiors.

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