Banner 0
Banner 1
Banner 2
Banner 3
Banner 4
Banner 5
Banner 6
Banner 7
Banner 8
Banner 9

Q.

Which of the following is an example of a non-price competition strategy?

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.
An Intiative by Sri Chaitanya

a

Offering discounts

b

Using economies of scale

c

Advertising

d

Colluding with competitors

answer is B.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

JEE

NEET

NEET

Foundation JEE

Foundation JEE

Foundation NEET

Foundation NEET

CBSE

CBSE

Detailed Solution

Non-price competition refers to competition based on factors other than price, such as quality, design, advertising, and customer service. Advertising is an example of a nonprice competition strategy because it aims to differentiate a product or service from its competitors by highlighting its unique features and benefits. Offering discounts, using economies of scale, and colluding with competitors are all price competition strategies. The non-price competition involves advertising and marketing strategies to increase consumer demand and develop brand loyalty.

Watch 3-min video & get full concept clarity
score_test_img

courses

No courses found

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Get Expert Academic Guidance – Connect with a Counselor Today!

best study material, now at your finger tips!

  • promsvg

    live classes

  • promsvg

    progress tracking

  • promsvg

    24x7 mentored guidance

  • promsvg

    study plan analysis

download the app

gplay
mentor

Download the App

gplay
whats app icon
personalised 1:1 online tutoring