Advertisements
Advertisements
प्रश्न
Non-price competition is ______.
विकल्प
Reducing prices
Competition based on prices
Spending money on advertisement, packaging, branding
Sale of unused stock
Advertisements
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.
APPEARS IN
संबंधित प्रश्न
Define Discriminating Monopoly.
Identify the market having a single buyer and many sellers from the following:
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
Indian Oil Corporation Limited is an example of a/an ______.
Pick the option which does not belong to the group.
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Why is there no need for selling cost under perfect competition?
Product differentiation is practised in monopolistic competition? Give reasons.
With the help of an example explain the meaning of price discrimination.
What does perfectly elastic demand curve faced by a competitive firm indicate?
