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Competition refers to a contest or rivalry between two or more competitors. In business and marketing, competition is a situation in which one company is trying to be more successful than another. Companies compete against other companies to generate more sales, increase their revenues, and gain more market share. Competition in Business | Overview, Types & Impact - Lesson - Study.com Study.com https://study.com › academy › lesson › what-is-competiti... Study.com https://study.com › academy › lesson › what-is-competiti...
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