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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
Explain three features of Perfect competitive 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.
Identify the market form for the following:
Telecom industry in India.
State the market form of the following commodity.
Automobiles
Explain the main characteristics of a monopoly.
Which type of market structure is the following? Give reason.
Ball-pen
What is meant by barriers to entry?
What is the effect on price when a perfectly competitive firm tries to sell more?
Identify the market form from the following:
A few large sellers
Which of the following is an example of a perfectly competitive market?
