The term "competition model" refers to a theoretical framework used in economics and business management that describes how different companies compete with each other for market share, customers or resources. This model assumes that there are multiple firms offering similar products or services, and they strive to outperform their rivals by offering better quality, lower prices, more innovative products or superior customer service. The competition model also takes into account factors such as economies of scale, product differentiation, market segmentation, and the role of government regulation in shaping industry dynamics. In this framework, companies are seen as strategic actors who make decisions based on their understanding of competitive pressures and market trends, with the ultimate goal of maximizing profits and achieving long-term success.