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What is meant by non-price competition?, give examples
Non-price competition is a competitive strategy to attract customers and increasing sales by methods other than adjusting (lowering) prices.
(ii) Give three forms of non-price competition in your country
- Persuasive advertisement
- Product differentiation
- After sale service
- Offering gifts
- Sponsoring sport events
- Stocking a large varieties of goods and substitutes
- Offering free samples
- Improve quality of goods
- Use of appealing slogans, trade names and brand
- Provision of credit, instalment selling
- Organizing raffles, draws and consumer games
CATEGORIES Economics
TAGS Dr. Bbosa Science