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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.
संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
A seller cannot influence the market price under:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
Define monopoly.
Explain any four features of perfect competition.
Which type of market structure is the following? Give reason.
Lipstick
What do you mean by homogeneous products?
What is the effect on price when a monopoly firm tries to sell more?
What is the difference between perfect and imperfect oligopoly?
Which statement correctly describes monopsony?
