Price Competition
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Last updated 12:45 PM on 3/24/25
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4 Terms
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Price competition is?
Firms compete by changing their price
2
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What are benefits of price competition?
Buyer gets the good at a lower price, consumer now has choice
3
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What is non price competition?
Firms compete using methods other than changing their prices
4
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What are benefits of non price competition
Price remains stable, may be better after sales service, customer loyalty rewards
Note 
Flashcards (146)