how successful one party is in offering favorable terms and securing the business More favorable terms may involve a lower price, higher quality, a faster delivery time, and other aspects of the product
{i} quality of being competitive, quality of constantly attempting to surpass the accomplishments of others
The ability of an entity to operate efficiently and productively in relation to other similar entities Competitiveness has been used most recently to describe the overall economic performance of a nation, particularly its level of productivity, its ability to export its goods and services, and its maintenance of a high standard of living for its citizens
A measure of a country's advantage or disadvantage in selling its products in international markets The OECD Secretariat calculates two different measures of competitiveness based on the differential between domestic and competitors unit labour costs in manufacturing and export unit values of manufactures both expressed in a common currency (For further detail see notes to Annex Tables 43 and 44) The OECD also produces indices of nominal effective exchange rates (Annex Table 37) Competitiveness indicators are currently calculated for twenty-eight OECD countries, the seven Dynamic Asian Economies and five major emerging market countries (Argentina; Brazil; China; India; and Russia since 1993) Forty-four export markets are considered: 28 OECD countries, twelve non-OECD countries and four zones