non-price competition

Popular Terms
Market situation in which competitors would not lower prices for fear of a price war. Instead they focus on extensive promotions to highlight the distinctive benefits or features of their products. Non price competition is an anomaly in a free market systems based on price-quantity relationship.

Use 'non-price competition' in a Sentence

You should try to never be in a non-price competition and base your prices on what you think they should be, not on your competitors.
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The non-price competition was an unspoken agreement that no one would benefit in the market of sellers for lowering prices.
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You need to follow a non-price competition strategy so that you are not getting into bidding wars with your opponents.
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