A key feature of value-based competition is best described by which of the following phrases?

a. All emphasis is on factors that apply to product price.

b. Price and non-price factors are combined.

c. It applies only to large items like cars and homes.

c. It applies only to large items like cars and homes

Value-based competition exhibits the striving of competition, which is not only carried out only based on prices. Factors other than prices perform their vital role when the subject comes to the competition. In the trading of items such as cars, homes, competition is generally taken place, which is based on the preferences of customers and values proposed by them.