The statements about nonprice competition that is false is a) Companies that use nonprice competition do not need to keep track of their competitor's prices.
<h3>What is
nonprice competition?</h3>
It should be noted that the is not complete, this is just a related question, Non-price competition can be regarded as a marketing strategy whereby firm tries to distinguish the product or service of their company from competing products .
In this case, in Non-price competition, company must be able to distinguish its brand through some unique feature in order to successfully engage in nonprice competition.
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CHECK THE COMPLETE QUESTION;
Which of the following statements about nonprice competition is false?
a) Companies that use nonprice competition do not need to keep track of their competitor's prices.
b) A company must be able to distinguish its brand through some unique feature in order to successfully engage in nonprice competition.
c) A firm using nonprice competition can build loyalty to both its company and its products.
d) When using nonprice competition, a company should promote the distinguishing characteristics of its brand.
e) Buyers must view the distinguishing characteristics of a product offered through nonprice competition as being important.
