Silicon chip. A silicon chip is an integrated circuit made primarily of silicon; silicon is one of the most common substances used to develop computer chips. The picture shows an example of a silicon wafer with dozens of individual silicon chips.
In the beauty, hair and personal care segment, Avon is a major competitor to Procter and Gamble as are Colgate-Palmolive (CL), Estee Lauder, Revlon (REV), Coty (COTY), Elizabeth Arden (RDEN), Inter Parfums Inc (IPAR). and Unilever. This segment accounts for 23% of Procter & Gamble's net earnings.
Competition is the rivalry between companies selling similar products and services with the goal of achieving revenue, profit, and market-share growth. Companies strive to increase sales volume by utilizing the 4 components of the marketing mix, also referred to as the 4P's: product, place, promotion, and place.