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
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Answer:
Stockholder.
Explanation:
A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.
This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries.
Some examples of multinational firms are Ap-ple, Volkswagen, G-oogle, Shoprite, Nestlé, Accenture, Shell BP, Chevron etc.
Hence, an owner of a corporation is known as a stockholder.
New york city, London, and Tokyo are examples of onshore economic facilities because of their monetary transparency and strict tax policies.
Tax policy is the use of authorities' spending and taxation to steer the economy. Governments commonly use monetary policy to sell sturdy and sustainable increase and decrease poverty. The amount of money that a government requires humans to pay in step with their profits, the price of their belongings, and many others. and this is used to pay for the matters performed by way of the authorities.
Examples of this encompasses decreasing taxes and raising government spending. while the government uses monetary policy to decrease the amount of cash available to the population, this is referred to as contractionary fiscal policy.
The primary purpose of a tax is to raise revenue for governmental activities, in place of steering commercial enterprise and private decisions. monetary increase and performance The tax gadget must now not unduly hinder or reduce the efficient capability of the financial system.
The taxation machine in India is such that the taxes are levied via the central government and the kingdom Governments. a few minor taxes also are levied through the neighborhood authorities which include the Municipality and the nearby Governments. The tax bill is initiated within the House of Representatives and noted the approaches and way Committee. when participants of this committee attain an agreement about the regulation, they write a proposed law. After Congress passes the bill, it goes to the president, who can both sign it into law or veto it.
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The type of marketing channel that this represents is direct.
This means that there are no intermediaries between the seller and the consumer. This local store buys the goods, and then sells it to the buyers itself - there is no third-party retailer or dealer which is going to do that for the local store - that would be indirect marketing, which is something this is not.
C. maintain physical protections in work areas.......
