MANAGEMENT

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.

Detailed explanation-2: -Also known as product differentiation strategy, product differentiation is a method for companies to make their products stand out and grab the attention of consumers. This helps the company develop a strong brand that potential customers will recognize.

Detailed explanation-3: -“Differentiated product” refers to products that can remain competitive despite being put against competing products that are very similar. Cars, smartphones, computers, shoes, and perhaps most notably, bottled water are just a few common examples of differentiated products.