Question

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

Answer 1

Answer:

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.