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Hunter-Best [27]
2 years ago
5

Any action, other than lowering its price, that a firm undertakes to increase the demand for its output is called?

Business
1 answer:
Anika [276]2 years ago
5 0

Any action that a firm takes to increase the demand for its product or output other than lowering its prices is called non-price competition.

A firm usually makes a non-price competition strategy that distinguishes its output from its competing output on the basis of attributes like workmanship and design etc.

The non-price competition strategy involves advertising, product differentiation, promotion, and supply distribution. This non-price competition strategy allows a firm to distinguish its product and increase its demand against its competing product without lowering the price.

Despite the benefits of a non-price competition strategy, it requires a lot of research to make distinguish the product from its competing product. Usually, buyers are not aware of the quality of the product and they don’t know which firms provide greater quality products. It requires a lot of advertising and promotion etc.

You can learn more about non-price competition at

brainly.com/question/1580879

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Todd, an analyst for the U.S. government, has been given the task of assessing the economic performance of Country X in the inte
dybincka [34]

Answer:

BOP statistics.

Explanation:

Balance of payment statistics is used to record all the flow of goods, services, income, and capital from an economy to other economies. Balance of payment is a comparism between economic unit of a country and the same economic unit in other countries.

Todd, an analyst for the U.S. government, has been given the task of assessing the economic performance of Country X in the international marketplace. Todd will use the BOP statistics as a measure of country X's performance against other countries.

7 0
3 years ago
The financial plan part of a business plan should show how you plan to fund the business at various stages of the company's?
Deffense [45]

A financial plan is nothing more than a summary of your company's present financial situation and growth expectations. Consider any records that show your current financial status as a snapshot of the state of your company, and the projections as your hopes for the future. The financial plan is a snapshot of your company's current status,

As was previously stated. Your short- and long-term financial goals are informed by the predictions, which can serve as a springboard for establishing a plan of action. It aids you in establishing reasonable goals for the achievement of your company as a business owner.

Simply said, if you are well-versed in your finances, you are less likely to be taken aback by your current financial situation and better equipped to handle a crisis or rapid growth.

To learn more about financial plan, click here

brainly.com/question/28102477

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7 0
2 years ago
Differences in personalities among individuals?
gulaghasi [49]

Answer:

B) none of these

hope this helps you

8 0
3 years ago
Tiềm năng về đầu tư chứng khoán ngành sữa
olga_2 [115]

Answer:

cần có vốn

Explanation:

5 0
3 years ago
Boat's product manager continues to perform well in the market. however, a competing product is coming on strong and is looking
Agata [3.3K]
Had to look for the options and here is my answer.
Based on the given scenario above regarding the product manager of Boat, the intervention that he can do in order to improve upon the buying criteria so that there would be a potential increase in demand is to "increase <span>the promotion budget to gain greater awareness."</span>
8 0
3 years ago
Read 2 more answers
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