When a seller attempts to shift the consumer demand curve for its product to the right, it uses product differentiation, promotional activities, or other similar techniques. The sellers are using:
A) price competition.
B) economic diversification.
C) market control.
D) nonprice competition.
E) price fixing.

Question

Quizplus · Accepted Answer

Nonprice competition involves strategies that focus on factors other than price, such as product differentiation and promotional activities, to attract customers and increase market share.

When a Seller Attempts to Shift the Consumer Demand Curve