Monday, January 11, 2010
Non-price competition
Trying to win business from rivals other than by charging a lower price. Methods include advertising, slightly differentiating your product, improving its quality or offering free gifts or discounts on subsequent purchases. Non-price competition is particularly common when there is an oligopoly, perhaps because it can give an impression of fierce rivalry while the firms are actually colluding to keep prices high.
Labels:
Economic Terms

0 comments:
Post a Comment