BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Non-price competition is the use of ads, giveaways, or promotions to win customers
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True
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False
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Explanation:
Detailed explanation-1: -Non-price competition is a marketing strategy “in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship".
Detailed explanation-2: -Non-price competition is the use of ads, giveaways, or promotions to win customers.
Detailed explanation-3: -The few of the more important and common examples of non-price competition are as follows. Loyalty programs. Subsidized delivery. Unique selling points.
Detailed explanation-4: -Non-price competition can include quality of the product, unique selling point, superior location and after-sales service.
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