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noname [10]
2 years ago
9

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

Business
1 answer:
guapka [62]2 years ago
6 0

When firms compete by offering unique product features rather than competing on price, <u>non-price competition</u> 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

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There are approximately 1 billion people living in India. It is estimated that only about 200 million of these people earn more
inysia [295]

<u>Full question:</u>

There are approximately 1 billion people living in India. Only about 200 million of these people earn more than the equivalent of $1,000 per year. According to Maslow's hierarchy, most of the other 800 million Indian consumers are primarily addressing their __________ needs.

a. social

b. esteem

c. psychological

d. physiological

e. Personal

<u>Answer:</u>

According to Maslow's hierarchy, most of the other 800 million Indian consumers are primarily addressing their physiological needs.

<u>Explanation:</u>

Abraham Maslow's 'Hierarchy of Needs' offers a five-stage design of the impulses following human behavior. At the base of this hierarchy endure our primary, survival-ensuring necessities, which Maslow pointed to as our physiological needs. If certain needs are not convinced the human body cannot function optimally.

The primary physiological needs are fairly apparent—these cover the items that are essential to our survival. To progress over the other stages of the hierarchy, we necessity primary perform these primary needs.

8 0
3 years ago
In a unionized firm, the _____ clause of the collective bargaining agreement typically retains for management the authority to i
solmaris [256]
The answer is:  "management rights" .
_________________________________________________________
          "In a unionized firm, the <u>  management rights  </u> clause of <span>the collective bargaining agreement typically retains for management the authority to impose reasonable rules for workplace conduct and to discipline employees for just cause."
_________________________________________________________</span>
5 0
3 years ago
What are the sources of pressure on firms such as frito-lay to reduce their environmental footprint? 2. identify the specific te
andriy [413]

The sources of pressure are from:

Regulation -government and legislative changes that focus on promoting environmental changes

Resources -natural and other resources are limited and conservation will help save money

Social/reputation-being environmentally conscious gives customers positive feelings about a company

8 0
3 years ago
Beyer Company is considering the purchase of an asset for $370,000. It is expected to produce the following net cash flows. The
Alenkasestr [34]

Answer:

3.55 years

Explanation:

The payback period is the length of time it takes for Beyer Company to recoup the initial investment of  $370,000.

In other words, the number of years for the net cash flows of the project to equate the initial investment amount of $370,000 as shown in the attached excel file for Beyer company's payback computation

Download xlsx
5 0
3 years ago
Activity-based costing for a service business
shtirl [24]

Answer:

a. $56

b. $95

Explanation:

The computation is shown below:

a, The total monthly activity-based cost for Corner Cleaners Inc is

= $3.50 × 12 + $0.12 × 100 + $0.10 × 20

= $42 + $12 + $2

= $56

b  the total activity-based cost for Campbell’s visit i

= $8 × 1 + $25 × 3 + $4 × $3

= $8 + $75 + $12

= $95

Hence, the same should be considered and relevant

3 0
3 years ago
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