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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
Selling costs are absent in perfect competition market.
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
Imperfect knowledge is a characteristic feature of:
Give two characteristics of perfect competition.
State the market form of the following commodity.
Fighter Aircrafts
Identify the market form for the item given below:
A single buyer
With the help of an example explain the meaning of price discrimination.
Give two examples of a monopolistically competitive market.
Identify the market form from the following.
Price discrimination
What is a price making firm?
