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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
Indian Railways is an example of ______.
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
Mention two features of monopoly.
Define product differentiation.
Identify the market form for the item given below:
Product differentiation
Identify the market form for the item given below:
A single buyer
Give two examples of a monopolistically competitive market.
What do you mean by homogeneous products?
Why do producers incur high selling costs in an imperfect market?
