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प्रश्न
Non-price competition is ______.
पर्याय
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.
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संबंधित प्रश्न
How is Perfect competitive market is different from a monopoly market?
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Define monopolistic competition.
Give an example of oligopoly.
State the advantage of monopolistic competition over monopoly.
State the market form of the following commodity.
Railways
Explain any four features of perfect competition.
Which type of market structure is the following? Give reason.
Soft drinks
To which market form are homogeneous products relevant?
What is meant by the term ‘price taker’?
