Question

The Apple iPhone is generally considered to be a monopolisticly competitive product because it has unique features while at the same time it could be substituted with products sold by other phone manufacturers. For this assignment, I would like for you to assume that the primary substitute for the Apple iPhone is the Samsung Galaxy smartphone. Your assignment is to write a 1-2 page paper were you discuss how Apple might respond if Samsung releases a new.

Answer 1

Apple's response to a new release from Samsung would involve innovation, marketing, and strategic partnerships to differentiate their product and highlight its unique benefits.

Step-by-step explanation:

Apple's response to a new release from Samsung would likely involve a combination of innovation, marketing, and strategic partnerships. Apple has a history of introducing new features and technology in response to competition, so they may work on enhancing existing features or introducing new ones that differentiate their product from Samsung's. Additionally, Apple may focus on marketing and advertising to highlight the unique benefits of their iPhone over the Samsung Galaxy. They may also consider strategic partnerships with other companies to further strengthen their product offering.