This is another business that sells to the same market as you do. They sell a product or service which is the same as yours or does a similar job or is an alternative. A competitor will and can take potential customers away from you and you compete for the customers.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.