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Non-price Competition
Non-price competition is a marketing strategy "in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship". It often occurs in imperfectly competitive markets because it exists between two or more producers that sell goods and services at the same prices but compete to increase their respective market shares through non-price measures such as marketing schemes and greater quality. It is a form of competition that requires firms to focus on product differentiation instead of pricing strategies among competitors. Such differentiation measures allowing for firms to distinguish themselves, and their products from competitors, may include, offering superb quality of service, extensive distribution, customer focus, or any sustainable competitive advantage other than price. When price controls are not present, the set of competitive equilibria naturally correspond to the state of natural outcomes in Hatfield ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Imperfect Competition In The Short Run
The imperfect (abbreviated An abbreviation (from Latin ''brevis'', meaning ''short'') is a shortened form of a word or phrase, by any method. It may consist of a group of letters or words taken from the full version of the word or phrase; for example, the word ''abbrevia ... ) is a verb form that combines past tense (reference to a past time) and imperfective aspect (reference to a continuing or repeated event or state). It can have meanings similar to the English "was walking" or "used to walk". It contrasts with preterite forms, which refer to a single completed event in the past. Traditionally, the imperfect of languages such as Latin and French is referred to as one of the tenses, although it actually encodes grammatical aspect, aspectual information in addition to tense (time reference). It may be more precisely called ''past imperfective''. English has no general imperfective and expresses it in different ways. The term "imperfect" in English refers to forms much more c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
