Using advertising to try to convince customers to buy one product rather than

another is a form of

Select one:

a. antitrust competition

b. nonprice competition

c. focus competition

d. monopolistic competition

Question

Business

Cox

12 March, 05:07

Using advertising to try to convince customers to buy one product rather than

another is a form of

Select one:

a. antitrust competition

b. nonprice competition

c. focus competition

d. monopolistic competition

+3

Answers (1)

Know the Answer?

Giovani Sweeney · Answer 1

The correct answer is (B)

Explanation:

Advertising is an effective way to increase consumers and demand. In a perfect or solipsistic competition in order to compete with identical products companies usually apply different methods and techniques to distinguish their products. This technique is called non-price competition. Firms sometimes reduce their prices and give incentives to attract costumers to buy their product.

Using advertising to try to convince customers to buy one product rather thananother is a form ofSelect one:a. antitrust competitionb. nonprice competitionc. focus competitiond. monopolistic competition

Using advertising to try to convince customers to buy one product rather than

another is a form of

Select one:

a. antitrust competition

b. nonprice competition

c. focus competition

d. monopolistic competition