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Tag: Competition and Risk Management

  • Race to the Bottom

    🗓️ Idiom: Race to the Bottom (n)

    💬 Meaning

    • A situation where competitors lower standards, prices, or quality to stay ahead.
    • A negative cycle where companies or people try to beat each other by cutting costs too much.

    🧠 Example Sentences

    • If we keep cutting prices to beat our rivals, we’ll end up in a race to the bottom.
    • Some companies take part in a race to the bottom by ignoring safety and labor rules.
    • The team warned that lowering quality could start a race to the bottom.

    🏛️ Origin

    The phrase “race to the bottom” began appearing in U.S. political and economic discussions in the early 20th century. It was used to describe how states or countries might compete to lower regulations like taxes, wages, or environmental protections to attract businesses. The term gained popularity in the 1990s during debates on globalisation and deregulation.

    📝 Practice Exercises

    1. Fill in the blank:

    By lowering their wages just to compete, the company entered a __________.

    Answer

    race to the bottom

    2. Choose the correct meaning of “race to the bottom”:

    A) A positive strategy to improve teamwork
    B) A fast-growing market trend
    C) A harmful competition that reduces quality or standards
    D) A sporting event with low attendance

    Answer

    C) A harmful competition that reduces quality or standards

    3. Rewrite the sentence using the idiom:

    “By trying to cut costs too much, they caused a drop in quality across the industry.” → Change the sentence using: race to the bottom

    Answer

    By trying to cut costs too much, they entered a race to the bottom.

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  • Free For All

    🗓️ Idiom: Free-for-All (n)

    💬 Meaning

    • A situation with no rules or control, where everyone competes aggressively.
    • A chaotic competition where everyone tries to win or get the best deal.

    🧠 Example Sentences

    • When the market opened to new sellers, it quickly became a free-for-all.
    • The online sale turned into a free-for-all with customers fighting for the best discounts.
    • Without strong regulation, the cryptocurrency space can feel like a free-for-all.

    🏛️ Origin

    Originally used to describe chaotic brawls or uncontrolled fights, the idiom “free-for-all” now describes any competitive situation where there are no rules, and everyone fights to get ahead — especially in markets or events.

    📝 Practice Exercises

    1. Fill in the blank:

    As soon as the bidding started, it turned into a __________.

    Answer

    free-for-all

    2. Choose the correct meaning of “free-for-all”:

    A) A calm and peaceful situation
    B) A fair and slow process
    C) A situation where everyone competes without rules
    D) A team-building activity

    Answer

    C) A situation where everyone competes without rules

    3. Rewrite the sentence using the idiom:

    “Everyone rushed in and started competing without any control.” → Change the sentence using: free-for-all

    Answer

    Everyone rushed in and started a free for all.

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  • A Clear Field

    🗓️ Idiom: A Clear Field (n)

    💬 Meaning

    • A situation with no competition or obstacles.
    • Having no one in your way when trying to succeed.

    🧠 Example Sentences

    • With the biggest rival out of the race, we now have a clear field.
    • The company enjoyed a clear field in the market after its main competitor closed.
    • He had a clear field to pitch his idea since no one else was interested.

    🏛️ Origin

    This idiom comes from sports and military language, where having a “clear field” meant open space with no barriers. In business, it means having no direct competition, making it easier to succeed.

    📝 Practice Exercises

    1. Fill in the blank:

    After the other bidder dropped out, our team had __________ to win the contract.

    Answer

    a clear field

    2. Choose the correct meaning of “a clear field”:

    A) A place with many choices
    B) A situation with no competition or obstacles
    C) A large area of land
    D) A deadline that is hard to meet

    Answer

    B) A situation with no competition or obstacles

    3. Rewrite the sentence using the idiom:

    “Now that the other team is no longer involved, we have no one standing in our way.” → Change the sentence using: a clear field

    Answer

    Now that the other team is out, we have a clear field.

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  • Race Against Time

    🗓️ Idiom: Race Against Time (n)

    💬 Meaning

    • A situation where you must do something very quickly before a deadline.
    • Working fast because there is limited time available.

    🧠 Example Sentences

    • We were in a race against time to finish the report before the meeting.
    • It’s a race against time to fix the bugs before the software launch.
    • The team is in a race against time to meet the end of quarter targets.

    🏛️ Origin

    This idiom comes from sports and competitions where time limits are involved. In business, it means you’re working urgently to meet a goal before time runs out. It shows pressure and the need for fast action.

    📝 Practice Exercises

    1. Fill in the blank:

    The developers were in a __________ to solve the issue before the system went live.

    Answer

    race against time

    2. Choose the correct meaning of “race against time”:

    A) A slow and relaxed project
    B) A challenge that has no deadline
    C) A situation where work must be done very quickly before time runs out
    D) A competition with no winner

    Answer

    C) A situation where work must be done very quickly before time runs out

    3. Rewrite the sentence using the idiom:

    “We had very little time to finish the task, so we worked as fast as we could.” → Change the sentence using: race against time

    Answer

    We were in a race against time to finish the task.

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  • Neck and Neck Race

    🗓️ Idiom: Neck and Neck Race (n)

    💬 Meaning

    • A very close competition between two or more people or companies.
    • A situation where the competitors are almost equal and it’s hard to tell who will win.

    🧠 Example Sentences

    • The two companies are in a neck and neck race to release the best new smartphone.
    • It’s a neck and neck race between two strong candidates for the job.
    • The market share numbers show a neck and neck race this quarter.

    🏛️ Origin

    This idiom comes from horse racing. When two horses are running side by side, their necks are at the same level. This means the race is very close. In business, it means close competition where no one has a clear lead.

    📝 Practice Exercises

    1. Fill in the blank:

    It’s a __________ between two firms trying to win the big contract.

    Answer

    neck and neck race

    2. Choose the correct meaning of “neck and neck race”:

    A) A slow and boring process
    B) A situation where one team is clearly winning
    C) A very close competition
    D) A game with no clear rules

    Answer

    C) A very close competition

    3. Rewrite the sentence using the idiom:

    “Both companies are performing equally well, and it’s hard to know who will succeed.” → Change the sentence using: neck-and-neck race

    Answer

    It’s a neck and neck race between the two companies.

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  • Zero-Sum Game

    🗓️ Idiom: Zero-Sum Game (n)

    💬 Meaning

    • A situation where one person’s gain is another person’s loss.
    • If someone wins, someone else must lose the same amount.

    🧠 Example Sentences

    • In price wars, it’s often a zero-sum game. When one company gains, another loses.
    • Negotiations don’t always have to be a zero-sum game.
    • Some people see competition as a zero-sum game, but teamwork can benefit everyone.

    🏛️ Origin

    This idiom comes from game theory in economics and mathematics. A “zero-sum game” is a situation where the total amount of value stays the same. If one side gains, the other side must lose the same amount. It’s often used in business and politics.

    📝 Practice Exercises

    1. Fill in the blank:

    In a __________, one person’s win means another person’s loss.

    Answer

    zero-sum game

    2. Choose the correct meaning of “zero-sum game”:

    A) A win-win situation for everyone
    B) A situation where everyone gets the same result
    C) A situation where gains and losses are equal and balanced
    D) A system with no competition

    Answer

    C) A situation where gains and losses are equal and balanced

    3. Rewrite the sentence using the idiom:

    “If we win the contract, it means the other company loses it.” → Change the sentence using: zero-sum game

    Answer

    Winning the contract is a zero-sum game.

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  • Saturated Market

    🗓️ Idiom: Saturated Market (n)

    💬 Meaning

    • A market with too many similar products or services.
    • A business area where it’s hard to grow because there are already many competitors.

    🧠 Example Sentences

    • It’s hard to sell another mobile app in such a saturated market.
    • We need to find a new niche, this is a saturated market.
    • The food delivery space is becoming a saturated market with too many players.

    🏛️ Origin

    The word “saturated” comes from science and means “completely full.” In business, a “saturated market” means there is no more room for new products because too many companies are already offering the same thing.

    📝 Practice Exercises

    1. Fill in the blank:

    It’s tough to launch another online store in a __________.

    Answer

    saturated market

    2. Choose the correct meaning of “saturated market”:

    A) A market with many buyers and no sellers
    B) A market with too few products
    C) A market that is full of similar products or services
    D) A market with no competition

    Answer

    C) A market that is full of similar products or services

    3. Rewrite the sentence using the idiom:

    “There are already too many similar products in this space.” → Change the sentence using: saturated market

    Answer

    This is a saturated market.

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  • Stiff Competition

    🗓️ Idiom: Stiff Competition (n)

    💬 Meaning

    • Very strong or difficult competition.
    • A situation where many people or companies are trying hard to win or succeed.

    🧠 Example Sentences

    • There’s stiff competition in the tech market, many companies want the top spot.
    • We lost the bid due to stiff competition from larger firms.
    • To grow in this industry, you have to be ready for stiff competition.

    🏛️ Origin

    The word “stiff” means strong or hard. When used with “competition,” it describes a situation where others are very serious and aggressive about winning. This idiom is common in business to talk about tough markets.

    📝 Practice Exercises

    1. Fill in the blank:

    Our company faced __________ when we launched the new product.

    Answer

    stiff competition

    2. Choose the correct meaning of “stiff competition”:

    A) A friendly working group
    B)Strong competitor or competitors
    C) A simple business task
    D) A job with no deadline

    Answer

    B) Strong competitor or competitors

    3. Rewrite the sentence using the idiom:

    “Many companies are trying very hard to win in this market.” → Change the sentence using: stiff competition

    Answer

    There is stiff competition in this market.

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  • A Cutthroat Business

    🗓️ Idiom: Cutthroat Business (n)

    💬 Meaning

    • A business or industry where the competition is very strong and often unfair.
    • A situation where people will do anything to win or succeed, even if it hurts others.

    🧠 Example Sentences

    • The fashion world is a cutthroat business, only the toughest survive.
    • Startups often face cutthroat business environments with little room for mistakes.
    • It’s a cutthroat business, so you need to be smart and fast to stay ahead.

    🏛️ Origin

    The term “cutthroat” was first used in the 1500s to describe violent criminals. In modern business English, it means people will do anything to succeed. A “cutthroat business” is one where there is no mercy, just hard competition.

    📝 Practice Exercises

    1. Fill in the blank:

    With so many companies fighting for market share, it’s a __________.

    Answer

    cutthroat business

    2. Choose the correct meaning of “cutthroat business”:

    A) A kind and fair company
    B) A business with very strong and aggressive competition
    C) A slow and relaxed industry
    D) A new small business

    Answer

    B) A business with very strong and aggressive competition

    3. Rewrite the sentence using the idiom:

    “This industry is very competitive, and companies often act unfairly.” → Change the sentence using: cutthroat business

    Answer

    This industry is a cutthroat business.

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  • Dog-Eat-Dog World

    🗓️ Idiom: Dog-Eat-Dog World (n)

    💬 Meaning

    • A very competitive and aggressive environment.
    • A situation where people will do anything to succeed, even if it hurts others.

    🧠 Example Sentences

    • The tech industry can be a dog-eat-dog world. Only the strongest survive.
    • In a dog-eat-dog world, you need to protect your ideas and work fast.
    • Some people don’t enjoy the dog-eat-dog world of high-pressure sales.

    🏛️ Origin

    This idiom comes from the old idea that even dogs might fight and hurt each other in a harsh world. It has been used since the 1800s to describe environments where people fight to get ahead, often with little care for fairness or teamwork.

    📝 Practice Exercises

    1. Fill in the blank:

    Startups move quickly, and it can feel like a __________ where only the fastest survive.

    Answer

    dog-eat-dog world

    2. Choose the correct meaning of “dog-eat-dog world”:

    A) A very friendly place
    B) A slow and quiet industry
    C) A highly competitive and aggressive environment
    D) A team with strong support

    Answer

    C) A highly competitive and aggressive environment

    3. Rewrite the sentence using the idiom:

    “The company culture is very competitive, and people don’t always help each other.” → Change the sentence using: dog-eat-dog world

    Answer

    The company feels like a dog-eat-dog world.

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