A competitor is a manufacturer or seller of a product or service that is sold in the same market as that of another manufacturer or seller. Competitors offer products or services that satisfy similar consumer needs within the same market.
A diversified company operates in multiple industries or markets, offering a range of products and services either through manufacturing them directly or acquiring/merging with other organizations.
Game Theory is a branch of mathematics and economics that studies strategic interactions where the outcomes depend on the actions of multiple agents, each aiming to maximize their own payoff.
The term 'position' can refer to various contexts, from strategic market placement to financial conditions, and investments. In investments, it is a key concept involving either long or short stakes in securities or markets.
Predatory pricing involves deliberately lowering prices of merchandise or services to drive competitors out of the market, with the intent to raise prices once the competition is eliminated.
