Definition: One selling or buying goods or services in the same market as another.
Connection: Companies selling the same good are all in competition with each other
and all use different marketing strategies to gain the interest and purchase of/from the
2. Costing/ Cost
Etymology: Middle English, from Anglo French
to stand firm.
Definition: To require expenditure or payment, require effort, suffering or less, to
have a price of.
Connection: Companies must set a cost for an item depending on other components
associated such as labor cost, manufacturer’s cut, profit, materials, etc.
Etymology: Middle English to outline, indicate, mean, from Anglo French and
Medieval Latin: Anglo French designer to designate, from Medieval Latin designate
from Latin, to mark out.
Definition: To create, fashion, execute, or construct, according to plan, to make a
drawing, pattern or sketch of.
Connection: This can be perceived as the very first step in the retail cycle considering
every item or textile must be designed in order to exist.
Definition: One that distributes, one that makes a commodity, especially a
Definition: A merchant middleman who sells chiefly to retailers, other merchants, or
industrial, institutional and commercial users, mainly for resale and business use.
Connection: A wholesaler or distributor sells goods for resale or business use usually