Ask your own question, for FREE!
Finance 8 Online
Warriorz13:

Describe a nonprice competition strategy that you have seen a company use. Do you think this strategy was effective? Why or why not?

Warriorz13:

@CC12

JustSaiyan:

Well what I see the most is side by side product comparisons. Take blue buffalo dog-food commercials. They compare their ingredients side-by-side with other brand name dog-foods to show why theirs is better

Warriorz13:

Does that make it effective? What if they are lying?

JustSaiyan:

I dunno. Didn't stop us from buying beneful. People tend to buy what they're familiar with.

JustSaiyan:

However, cause and effect tells us it is working. The commercial still plays, meaning they are gaining enough revenue to continue it, meaning people are indeed buying it.

Warriorz13:

Can you explain 2 other methods Nick?

JustSaiyan:

None that I can think of. Sorry.

JustSaiyan:

@Ultrilliam Maybe you've seen something?

Warriorz13:

Would one technically be selling more for the same price? Like when they have surplus

JustSaiyan:

Ah yeah. Buy 1 get 1 free. It doesn't have to be the same product either. Throwing in another product, That'd usually boost sales, unless it's "Mystery gift" and turns out to be a comb. Probably expected from hair products.

Warriorz13:

True, kind of like a container of pasta sauce and get a free box of pasta

Warriorz13:

I googled it and the last one says offering a different and unique product.

JustSaiyan:

^Fidget spinners before they were mass produced

Warriorz13:

But that one doesnt make a bunch of sense to me

JustSaiyan:

It'd have to be something way out of the ordinary no other company would be producing said item. I think the Fidget Cube is still one of those. Didn't hit as big as the fidget spinner. Another could be products with custom decals.

Warriorz13:

That makes sense

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!