All categories

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

Learn more about non-price competition here:

brainly.com/question/12297704

#SPJ4

You might be interested in

Why are some economists concerned about the proliferation of regional trade agreements? regional trade agreements terms can conf

d1i1m1o1n [39]

Here are several reasons why economists are concerned about the proliferation of regional trade agreements:
- Regional trade agreements terms can conflict with those of the WTO
- Regional trade agreements may limit trade from outside the regions in agreement
Regional trade agreements basically could make the economy within a certain region became secluded from other countries and may raise the price of certain commodities.

7 0

3 years ago

May is a stockbroker. Due to May's statements, Nora believes that the price of OK Goods, Inc. (OKGI), a widely traded stock, is

Anna71 [15]

Answer:

Explanation:

A client can only sue a stockbroker, a financial advisor, etc., only if they made them loss money through fraud or negligence. But in this case, May (stockbroker) apparently made a mistake of value, she did nothing illegal. She might be a terrible broker, but that doesn't make her a criminal. She also didn't breach any fiduciary duty, since investing always carries a risk. If Nora doesn't like to assume risks, then she should purchase government bonds.

4 0

2 years ago

An amount of $2,500 is deposited in a savings account that earns 2.5% interest. Which is the future value

Lynna [10]

Answer:

$3,208

Explanation:

The computation of the future value is shown below;

As we know that

Future valie = Present value × (1 + rate of interest)^number of years

where

Present value is $2,500

Rate of interest = 2.5% ÷ 4 = 0.625%

And, the time period is = 10 × 4 = 40

So, the future value is

= $2,500 × (1 + 0.625%)^40

= $3,208

5 0

2 years ago

What is local technology

Andrei [34K]

Local Technology is an IT services company focused on building businesses through leveraging the best technology solutions.

7 0

2 years ago

Which of the following statements regarding net operating losses generated in 2020 is true? A) A corporation can carry NOLs back

Butoxors [25]

Answer:

D) A corporation can carry over the NOL indefinitely.

Explanation:

A net operating loss (NOL) can said to exists in a situation where a company's or organization deductions exceed their taxable income and A NET OPERATING LOSS can as well help benefit a company by trying to reduce their taxable income in the future which is why NOLs may now be carried forward indefinitely until such loss is fully recovered, Although they are said to be limited to only 80% of that taxable income in any one tax period which is why these NOLs can be carried forward indefinitely instead of them been limited to only 20 years.

6 0

3 years ago

Read 2 more answers