market dominance

(redirected from Market challenger)

market dominance

see DOMINANT FIRM.

market dominance

a situation where a single firm or a number of firms that restrain competition between themselves (see CONCERTED PRACTICE, COMPLEX MONOPOLY)

account for a significant proportion of the total supply of a particular good or service. Such a firm or group of firms may be able to exercise a considerable degree of MARKET POWER in determining the price of the product and other terms and conditions of supply in a way that is prejudicial to the interests of consumers.

In the UK the ‘abuse’ of a dominant position in a market is prohibited by the COMPETITION ACT 1998. A dominant position is defined as one where a single firm or group of firms controls at least 40% of the reference market. Cases involving market dominance can be referred by the OFFICE OF FAIR TRADING to the COMPETITION COMMISSION for investigation and report. See DOMINANT FIRM.

References in periodicals archive ?
Q: Why do you prefer market challenger brands to leading brands?
com)-- Skelia, a trusted global IT services company and a successful market challenger, confirms the significant year-on-year growth of its Krakow-based service center and strengthens its Polish organization with the appointment of Shemek Fedyczkowski, as Director of Operations.
price levels, innovation, service, cost and can play different tactical games with its Market Challenger (MC) competitors in this market and in a given market space.
While Moto will be an aspirational brand, Vibe will be a mass- market challenger brand.
This includes wide-ranging action to support new and smaller banks, so it's fantastic to see a market challenger like Virgin Money growing, launching new and different products, and creating more jobs here in the north-east.
has been awarded the IP Contact Center Market Challenger PilotHouse award from Nemertes Research.
In Palestine, he and his team have taken our business from a start-up to a real market challenger, delivering world-class service to customers in an incredibly challenging environment .
Audley Harrison is the obvious elimination favourite now Nancy Dell'Olio is gone but he has outscored closest market challenger Lulu in the past and although the ex-boxer is not ideally suited to the Viennese waltz, it's a dance that can bring in decent scores.
Is Brazil likely to become a future market challenger to the Arabian Gulf oil producers?
The main market challenger to theMcManus horses is PaulNicholls' Celestial Halo, seventh in the St Leger when with Barry Hills.
Give examples of strategies for a market leader, market challenger, market follower, and market niche player.
com), a global IT company and successful market challenger, unveils its ambitious plans for Poland and reinforces its Krakow-based Polish organisation with Piotr Czerski as the newly appointed Operations Director.