See definition for Competitive Advantage.

A fund set up by a company or organisation from which to pay people who have suffered loss or hardship which has been caused employees or members of the company or organisation.

Known as Antitrust law in the US, regulates fair competition between companies, including the control of monopolies and cartels.

A position a business gains over its competitors.

A business rival, usually one who manufactures or sells similar goods and/or services.

Also called Competitive Analysis. A company’s marketing strategy which involves assessing the performance of competitors in order to determine their strengths and weaknesses.

A corporate official whose job is to ensure that a company is complying with regulations, and that its employees are complying with internal policies and procedures.

Interest which is calculated on not only the the initial loan, but also on the accumulated interest.

When an organisation has the legal right to force the sale of land, property, etc., usually to build motorways or railways.

A thought or notion. An idea for a new product, advertising campaign, etc.