ECONOMICS
COMPETITION AND MARKET STRUCTURES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Product differentiation refers to
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Features that make one product appear different from competing products in the same market.
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Different prices for the same product in a certain market.
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The selling of identical products in different markets.
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The charging of different prices for the same product in different markets.
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Explanation:
Detailed explanation-1: -Product differentiation is the characteristic or characteristics that make your product or service stand out to your target audience. It’s how you distinguish what you sell from what your competitors do, and it increases brand loyalty, sales, and growth.
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