noun
a person or organization that is competing with others for the same thing or in the same area
adjective
competitive
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Our company is constantly analyzing the strategies of our competitors in order to stay ahead in the market.
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I heard that our competitor is planning to launch a new product next month.
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That new startup is really giving our competitor a run for their money.
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In the business world, you always have to keep an eye on your competitors, just like in a game of chess.