Share This Article:

Economic Definition of competitive forces. Defined.

Offline Version: PDF

Term competitive forces Definition: Forces in the marketing environment that are based on competition among customers and competition with other firms. As the organization looks out at its business environment, competition is a critical factor. Who is buying goods and services and who is providing them to those customers? Are there many competitors or are there just a few? Maybe none. Knowing what competitive forces exist helps an organization develop strategic planning to attract customers.


« competition among the many | competitive market »


Alphabetical Reference to Over 2,000 Economic Terms