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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
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
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.
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
What is meant by pure competition?
Define monopolistic competition.
Give two characteristics of perfect competition.
Identify the market form of the following:
Market for toilet soaps in India.
State the market form of the following commodity.
Fighter Aircrafts
Explain the main characteristics of a monopoly.
Identify the market form from the following:
A few large sellers
There are a large number of buyers and sellers under a ______ market.
