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单词 non-price competition
释义
non-price competition

Economics
  • Competition for market share using methods other than price cuts. These include quality of product, quality of advertising, information, and instructions, reliability of promised delivery dates, reliability in use, and after-sales service. Non-price competition is particularly important when there are legal or cartel restrictions on price cutting, and where consumers use price as a signal of quality and assume that cheaper goods must be of lower quality.


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