Ask Question
BusinessBusiness
8 April, 19:49

A firm's purpose in nonprice competition is to

A. Produced at the lowest cost possible

B. Encourage other firms to cooperate in sitting prices

C. Establish extensive control of their particular market

D. Distinguish their products from those of other companies

+5
Answers (2)
  1. 8 April, 19:56
    0
    D

    Explanation:

    Nonprice competition refers to a strategy in which a firm tries to differentiate their products from the competition using means other than the price.
  2. 8 April, 20:58
    0
    Distinguish their products from those of other companies

    Explanation:

    A nonprice competition is a very healthy market competition between firms that produce similar products in the open market. during this type of contest on whose products is better off. the pricing system is not employed but other means like listing out the economic and health benefits of purchasing a product over its rival forms and also packaging and other special services like promising better customer care service form the base of the market competition

    The primary aim of this is to get more consumer than the other. A nonprice competition is used on products that cannot usually take a price cut or have a general law guiding it pricing system.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A firm's purpose in nonprice competition is to A. Produced at the lowest cost possible B. Encourage other firms to cooperate in sitting ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A perfectly competitive firm is a: Group of answer choices price taker, because it must accept the market equilibrium price. price participant, because it can coordinate its pricing decisions with other firms.
Answers (1)
England has a relatively cool and cloudy climate that is ill suited for grape growing. It can produce 200 units of wine for every 400 units of cloth. Portugal, in contrast, has a relatively warm and sunny climate that is good for growing grapes.
Answers (1)
At the beginning of the year, Zinc Inc. estimated that overhead would be $115,000 and direct labor hours would be 23,000. At the end of the year, actual overhead was $175,900 and there were actually 35,000 direct labor hours.
Answers (1)
Which approach to employee selection would administer several tests to employees one at a time, with the least expensive tests being administered first, would score the various tests on a pass/fail basis, and would continue to test each applicant
Answers (1)
The right to receive money in the future is called
Answers (2)
New Questions in Business
The goal of the biological (ergonomic) approach to job design is: a. to make the work simple so that anyone can be trained quickly and easily to perform it. b.
No Answers
Perfect price discrimination describes a situation in which the monopolist a charges exactly two different prices to exactly two different groups of customers. b maximizes consumer surplus. c experiences a zero economic profit.
Answers (1)
On August 1, Masters Company buys 2000 shares of ABD common stock for $72500 cash. On December 1, the stock investments are sold for $75000 in cash.
Answers (1)
The net income earned by the cooper, cross, and crane partnership is $18,000. their respective average capital balances are $20,000, $20,000, and $40,000.
Answers (2)
when a minor breach has occured, the non - breaching party is able to do what?
Answers (1)
Home » Business » A firm's purpose in nonprice competition is to A. Produced at the lowest cost possible B. Encourage other firms to cooperate in sitting prices C. Establish extensive control of their particular market D.
Sign Up Forgot Password?