MANAGEMENT

BUISENESS MANAGEMENT

MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Unique selling point is a product‘s feature that differentiates it from other competing products in the market.
A
TRUE
B
FALSE
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -A unique selling proposition, more commonly referred to as a USP, is the one thing that makes your business better than the competition. It’s a specific benefit that makes your business stand out when compared to other businesses in your market.

Detailed explanation-2: -What is a unique selling point? A unique selling point (USP), also called a unique selling proposition, is the essence of what makes your product or service better than competitors. In online marketing, communicating your USP clearly and quickly is one of the keys to getting potential customers to convert on your site.

Detailed explanation-3: -Product differentiation is sometimes referred to as your product’s unique selling point (USP), though this term is more commonly used in marketing and sales. USPs can relate to features or functionality, the pricing and positioning of the product, or even the design.

Detailed explanation-4: -Competitive selling, or competitive sales, is a collection of strategies that companies use to gain the business of customers in the same market as their competitors. These sales strategies can convince consumers that your company has a better product or service to offer than another company.

Detailed explanation-5: -Is There A Difference Between Unique Selling Proposition And Competitive Advantage? Not really. A USP is a subset of a company’s competitive advantage. This peculiar competitive advantage, known as the unique selling proposition, is a single feature that a brand decides to identify with.

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