Marketing Name ___________ 5-3 Questions

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Marketing Name ___________ 5-3 Questions Checkpoint pg. 122 What is the difference between price and non-price competition? Checkpoint pg. 124 Name one way each of the mix elements can be used to enhance the value of a product? Think Critically pg. 125 What causes prices to be the most important mix elements for some customers? What are the characteristics of companies who are successful using price competition Why will the price of a product likely be higher if a business is trying to increase profits rather than trying to increase sales? What are some ways that contests, games and other similar promotional activities can be misused by business?