Product differentiation Group of answer choices Involves charging different prices to different customers. Is a rarely successful advertising campaign. Involves advertising unique product features. Is commonly practiced in perfect competition and monopoly markets. None of the Answers are Correct.

Respuesta :

Product differentiation (C) involves advertising unique product features.

What is product differentiation?

  • Product differentiation is a marketing approach used to differentiate a company's products or services from those of its competitors.
  • Successful product differentiation is recognizing and presenting a product's or firm's unique qualities while emphasizing the various differences between that product or company and its competitors.
  • Product differentiation is synonymous with building a compelling value proposition in order to make a product or service appealing to a target market or audience.
  • When a corporation promotes a feature of a new product to market that distinguishes it from others already on the market, this is an example of product differentiation.
  • Tesla, for example, distinguishes itself from other automakers by producing vehicles that are unique, high-end, and battery-powered.

As the definition above itself states, successful product differentiation is recognizing and presenting a product's or firm's unique qualities while emphasizing the various differences between that product or company and its competitors.

Therefore, product differentiation (C) involves advertising unique product features.

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Correct question:

Product differentiation is:

a. involves charging different prices to different customers

b. is commonly practiced in perfect competition and monopoly markets

c. involves advertising unique product features

d. is a rarely successful advertising campaign