Which of the Following Is an Example of Nonprice Competition

question 9

Multiple Choice

Which of the following is an example of nonprice competition?

• A)Advertising
• B)Changing the design of a product
• C)Incorporating new technology in a product
• D)Improving the quality of a product
• E)All of the above

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Definitions:

Revenue Account

An account that records the income earned by a company from its business activities.

Debit

A bookkeeping record that raises the value of an asset or expense, or reduces the value of a liability or equity.

Expense Account

An account used to record expenditures incurred by a company, relating to its operational activities.

Supplies

Items used in the day-to-day operations of a business, typically consumable in nature, such as office supplies, cleaning materials, and manufacturing components.