Answer:
C-nonprice
The multiple-choice options for the questions are
A-price
B- perfect
C-nonprice
D-monopolistic
Explanation:
Business competition refers to the contest or rivalry among businesses selling similar products to the same customers. They compete for customers, to make more sales, or achieve a larger market share. Companies use several parameters such as price, quality, design, location to out-do each other.
When businesses compete based on price, it is known as price competition. Non- price competition is when the competition is based on all other parameters, including quality, location, packaging, advertisements, and design.
