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Non Price Competition - 23 |
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Markets can also be distinguished from one another by the level of non
price competition that exists within them.
If your product is, in reality,
not much different from that offered by your competitors, how can you increase
your sales? As the saying goes, ''It pays to advertise''. How do you remember
one competing good from another? Each producer has probably spent a large
amount of money on a brand name and a trade mark and on an
''image'' for their product. Most advertisements on television are less
than thirty seconds long, yet in that time you may have heard a small musical
theme. (Complete the following - "Ooh what a feeling!" ... hint, this company
manufactures cars).
Many firms have ''slogans'' or ''catch phrases'' associated
with their advertising, which, through constant repetition, is remembered
for a long time. (Complete the following '' ... Always .... - da da da
daa'' .. hint, this is a soft drink).
Many firms in the clothing industry print their brand names on their
goods. You become a walking advertisement! Different manufacturers have
carefully developed an ''image'' for their product: youth, rebellion, sport,
counter culture, sophistication; the list is long. By wearing the clothes,
you are declaring an aspect of your personality to others. It's a form
of non-verbal communication, and it's very effective.
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