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Question
when businesses decide to emphasize factors of their marketing mix other than price
pure competition
economic resources
non - price competition
direct competition
there are many firms competing with firms are somewhat different
competition in a market with businesses that offer the same type of product or service
many suppliers offer very similar products
Brief Explanations
- For the first question, the term describes businesses focusing on marketing mix elements (like product features, promotion, distribution) instead of price to compete.
- For the second question, direct competition refers to businesses that offer identical or nearly identical products/services targeting the same customers.
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- Non-price competition
- competition in a market with businesses that offer the same type of product or service