BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is the special feature of a product that makes it more profitable
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It is the feature of a product that makes them cheaper
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It is the special feature of a product that differentiates it from the products of competitors
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It is the feature that decreases the costs of carrying out the market research
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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: -A unique selling proposition (USP) refers to the unique benefit exhibited by a company, service, product or brand that enables it to stand out from competitors. The unique selling proposition must be a feature that highlights product benefits that are meaningful to consumers.
Detailed explanation-3: -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.
Detailed explanation-4: -Unique Selling Point becomes very important in the business world because it can attract consumers with several specific advantages offered and become a guarantee of the product. Unique Selling Points between companies are also different in order to provide their respective identities and advantages.
Detailed explanation-5: -A unique selling point (USP) defines in a short sentence or two that makes your business better than your competitors and why customers should buy from you-what they care about the most. A USP could be: Lowest price. Highest quality.