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2 years ago

When firms compete by offering unique product features rather than competing on price, ______ occurs.

1 answer:

6 0

When firms compete by offering unique product features rather than competing on price, non-price competition occurs; it is when businesses employ tactics to boost sales and market shares without lowering prices.

What is non-price competition?

In non-price competition, a company "seeks to distinguish its product or service from competing items on the basis of features like design and workmanship," according to a marketing strategy. Because it exists between two or more producers who sell goods and services at the same prices but seek to expand their respective market shares by non-price factors like marketing strategies and higher quality, it frequently happens in imperfectly competitive markets.

Types of Non-Price Competition:

Marketing involves a range of approaches (based round the 4Ps), including product differentiation, advertising, promotion and distribution

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Allise Industries manufactures and exports copper wiring to markets all over the world. It has adopted an advertising organizati

Scrat [10]

Answer:

Letter B is correct. Decentralized.

Explanation:

A decentralized organizational structure has as its main feature the flexible hierarchy, ie decision making is also shared with the lower hierarchical levels.

This structure model has the advantage of motivating employees, who feel valued and fundamental to organizational success. Another advantage of decentralization is the flexibility to deal with new marketing challenges and the speed of decision making, which aids in business opportunity costs.

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4 years ago

A disadvantage of extending credit to customers is that the cost may ______ the additional sales revenue received through credit

Ksivusya [100]

The disadvantage of extending credit to customers is that the cost may exceed the additional sales revenue received through credit transactions. hence, Option C is the correct statement.

<h3>What do you mean by extending credit to customers?</h3>

The method of extending credit to customers permits them to buy items and services and pay for them later on. Offering credit is usually a win-win for each trader and buyer.

Customers have greater buying strength and have a tendency to shop for greater in the event that they are not restrained to the cash they have got at the time of the sale.

The missing information from the above question is given below:

increase

be less than

exceed

Thus, The disadvantage of extending credit to customers is that the cost may exceed the additional sales revenue received through credit transactions. hence, Option C is the correct statement.

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7 0

2 years ago

What do people purchase as a form of risk management to protect themselves from losing a lot of money in the event something hap

Gemiola [76]

Insurance: An arrangement to provide protection against a possible eventuality.

6 0

3 years ago

Intermediaries in indirect channels of distribution: a. Often perform functions that producers cannot perform efficiently by the

alukav5142 [94]

Answer:

A. Often perform functions that producers cannot perform efficiently by themselves.

Explanation

indirect distribution channel of distribution can be regarded as one that depends on intermediaries in order to carry out most or all of their functions of distribution , they are regarded as wholesaler. indirect distribution can also be explained as selling of wholesale producys to the agents/retailers in order for them to distribute the product so it can get to consumers. It should be that Intermediaries in indirect channels of distribution Often perform functions that producers cannot perform efficiently by themselves.

3 0

3 years ago

Consider the following investment projects. Assume that MARR = 15%. n Project 1 Project 2 Project 3 Year 0 -$1,000 -$5,000 -$2,0

11Alexandr11 [23.1K]

Answer and Explanation:

For project A 1000=500/(1+r) +2500/(1+r)^2

r=.85= 85%

for B r=57.5%

for C r= 44.2%

preference

A>B>C

8 0

3 years ago