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The American Heritage Dictionary of Business Terms » nonprice competition
nonprice competition
nonprice competition definition - business
nonprice competition
Competition among firms that choose to differentiate their products by nonprice means, for example, by quality, style, delivery methods, locations, or special services. Firms that desire to differentiate virtually identical products often practice nonprice competition. Companies producing cigarettes, over-the-counter medications, and food products spend large sums on nonprice competition.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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