| 单词 | non-price competition |
| 释义 | non-price competitionDefinition Market situation in which competitors would not lower prices for fear of a price war. Instead they focus on extensive promotions to highlight the distinctive benefits or features of their products. Non price competition is an anomaly in a free market systems based on price-quantity relationship. Use 'non-price competition' in a SentenceYou should try to never be in a non-price competition and base your prices on what you think they should be, not on your competitors. The non-price competition was an unspoken agreement that no one would benefit in the market of sellers for lowering prices. You need to follow a non-price competition strategy so that you are not getting into bidding wars with your opponents. |
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