Non-price competition

Non-price competition,

Definition of Non-price competition:

  1. 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.

How to use Non-price competition in a sentence?

  1. You need to follow a non-price competition strategy so that you are not getting into bidding wars with your opponents.
  2. The non-price competition was an unspoken agreement that no one would benefit in the market of sellers for lowering prices.
  3. You 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.

Meaning of Non-price competition & Non-price competition Definition