Asked by Lizbeth Garza on Jul 08, 2024
Verified
Product differentiation is _____ based on real physical differences among products.
A) always
B) sometimes
C) never
Product Differentiation
Strategies employed by businesses to make their products appear distinct from those of competitors in aspects like quality, design, or other features.
Physical Differences
Refers to the variations in the physical attributes of individuals or objects, including size, shape, and other measurable characteristics.
- Analyze the role of product differentiation in monopolistic competition, including the basis for differentiation and its impact on consumer choice.
Verified Answer
RB
Rachel BradfordJul 13, 2024
Final Answer :
B
Explanation :
Product differentiation is sometimes based on real physical differences among products. While physical differences may be one way to differentiate products, there are many other factors that can be utilized such as branding, quality, customer service, etc.
Learning Objectives
- Analyze the role of product differentiation in monopolistic competition, including the basis for differentiation and its impact on consumer choice.