Question

In: Economics

Which of the following are ways that a firm could attempt to demonstrate product differentiation? Select...

Which of the following are ways that a firm could attempt to demonstrate product differentiation?

Select all that apply:

  • through advertisement about its product's notable features

  • pricing the product differently for different customers

  • offering a warranty that is more generous than most competitors

  • running a sale on its product

Solutions

Expert Solution

"A"

Product differentiation is done in the market by using the non price attributes of the product that is packaging, advertisement etc. The answer is "A".


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