Rival

(adjective)

A good whose consumption by one consumer prevents simultaneous consumption by other consumers

Related Terms

Examples of Rival in the following topics:

  • Defining a Good

    • Private goods: Private goods are excludable and rival.
    • Common goods: Common goods are non-excludable and rival.
    • Club goods: Club goods are excludable but non-rival.
    • It requires a monthly fee, but is non-rival after the payment.
    • Public goods: Public goods are non-excludable and non-rival.

  • Introduction to Cooperative Networking

    • In Australia, a building designer teams with a rival architectural firm, a renewable energy supply business, and a construction company to discuss affordable, energy-efficient homes.

  • Why do businesses greenwash

    • A need to expand market share at the expense of rivals that are legitimately trying to become greener,

  • The Western Schism

    • For a time these rival claims to the papal throne damaged the reputation of the office.
    • Many of the cardinals who had elected him soon regretted their decision: the majority removed themselves from Rome to Anagni, where, even though Urban was still reigning, they elected Robert of Geneva as a rival pope on September 20 of the same year.
    • There had been antipopes—rival claimants to the papacy—before, but most of them had been appointed by various rival factions; in this case, a single group of leaders of the Church had created both the pope and the antipope.
    • In the Iberian Peninsula there were the Ferdinand Wars and the 1383–1385 Crisis in Portugal, during which dynastic opponents supported rival claimants to the papal office.
    • Sustained by such national and factional rivalries throughout Catholic Christianity, the schism continued after the deaths of both initial claimants; Boniface IX, crowned at Rome in 1389, and Benedict XIII, who reigned in Avignon from 1394, maintained their rival courts.

  • Competitive Dynamics

    • First, profiling can reveal strategic weaknesses in rivals that the firm may exploit.
    • Second, the proactive stance of competitor profiling can allow the firm to anticipate its rivals' strategic response to the firm's planned strategies, the strategies of other competing firms, and changes in the environment.
    • Similarly, defensive strategy can be employed more deftly in order to counter the threat of rival firms exploiting the firm's own weaknesses.

  • Competitive Advantage

    • Competitive advantage is defined as the strategic advantage one business entity has over its rival entities within its competitive industry.
    • Competitive advantage is defined as the strategic advantage one business entity has over its rival entities within its competitive industry.

  • Other Inputs to Pricing Decisions

    • Therefore, to sell a product, a firm needs to price at or below its competitor's price plus the value advantage its product has to the customer over the rival product.
    • Competitive advantage is defined as the strategic advantage one business entity has over its rival entities within its competitive industry.
    • Consider a software company that has developed software that allows its servers to host twice as much web space as its rivals.

  • The Lecompton Constitution

    • The Lecompton Constitution, drafted by pro-slavery factions, was a state constitution proposed for the state of Kansas that rivaled that proposed by the Free Soiler faction.

  • Genghis Khan

    • Soon, bubbling tensions erupted and she was kidnapped by a rival tribe.
    • During this era, and possibly spurred by the capture of his wife, Temujin united the nomadic, previously ever-rivaling Mongol tribes under his rule through political manipulation and military might, and also reclaimed his bride from the rebellious tribe.
    • His meritocratic policies tended to gain a broader range of followers, compared to his rival brother, Jamukha, who also hoped to rule over greater swaths of Mongolian territory.
    • War ensued, and Temujin prevailed, destroying all the remaining rival tribes from 1203–1205 and bringing them under his sway.

  • The Null and the Alternative

    • The alternative hypothesis and the null hypothesis are the two rival hypotheses that are compared by a statistical hypothesis test.
    • In statistical hypothesis testing, the alternative hypothesis and the null hypothesis are the two rival hypotheses which are compared by a statistical hypothesis test.