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प्रश्न
Non-price competition is ______.
विकल्प
Reducing prices
Competition based on prices
Spending money on advertisement, packaging, branding
Sale of unused stock
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उत्तर
Non-price competition is spending money on advertisement, packaging, branding.
Explanation:
Non-price competition is when businesses compete by investing in tools other than pricing. Firms in this form of rivalry typically spend money on advertising, packaging and branding to attract new customers.
संबंधित प्रश्न
Selling costs are absent in perfect competition market.
Following is not the feature of perfect competition:
Indian Oil Corporation Limited is an example of a/an ______.
What is meant by pure competition?
There are no substitute goods in a monopoly market. Give a reason to support your answer.
State the market form of the following commodity.
Railways
Give an example of price discrimination.
With the help of an example explain the meaning of price discrimination.
What is a price making firm?
Why an individual firm under perfect competition cannot influence the market price?
