The new technology gave them a 'competitive' advantage/edge. [=a better chance than others of winning or succeeding]
It is a very 'competitive' job market. [=a situation in which a lot of people are trying to get jobs]
We offer great service at 'competitive' rates. [=rates that are close to those of other companies]
(..) Hey. Hey, where are you going? - We should wait for the police. - I gotta go to work. Hey, you just got hit by a car. Go to the hospital. I'm in a competitive internship at Dean Witter. Hey, man, you're missing a shoe. Oh, yeah, thanks. Thank you. Dad. - You don't have a shoe. (..)2006 The Pursuit of Happyness