Final answer:
Product differentiation refers to the strategies used by marketers to make their products stand out from competitors. There are three major ways in which marketers engage in product differentiation: product quality, product design and features, and product support services.
Step-by-step explanation:
Product differentiation refers to the strategies used by marketers to make their products stand out from competitors. There are three major ways in which marketers engage in product differentiation:
- Product quality: This involves offering higher quality products than competitors, which can include superior materials, craftsmanship, or performance.
- Product design and features: This involves designing unique and appealing product aesthetics and incorporating innovative features that set the product apart.
- Product support services: This involves providing additional services or support to enhance the customer experience, such as warranties, customer service, or technical assistance.
By focusing on these aspects, marketers aim to create a distinct competitive advantage and attract customers who value these unique qualities.