Question

Nonprice competition refers to: Multiple Choice competition between products of different industries, for example, competition between aluminum and steel in the manufacture of automobile parts. price increases by a firm that are ignored by its rivals. advertising, product promotion, and changes in the real or perceived characteristics of a product. reductions in production costs that are not reflected in price reductions.

Answer 1

Answer:

advertising, product promotion, and changes in the real or perceived characteristics of a product.

Explanation:

As the name suggest Non-price competition is the competition where there is a competition not based upon the price but the product of the company would be different from the rival company on the basis of characteristics like design, labelling, etc

So according to the given options, last second option is correct

And, the same would be considered