non-price competition
Noun
Meaning
non-price competition (plural non-price competitions)
(economics) A competitive strategy in which firms deliberately don't engage in price reductions, but rather compete in advertising, quality, or design etc.
Noun
non-price competition (plural non-price competitions)
(economics) A competitive strategy in which firms deliberately don't engage in price reductions, but rather compete in advertising, quality, or design etc.