Final answer:
Differentiated products are distinctive from competitors in terms of physical aspects, location, intangible aspects, or consumer perceptions. Advertising and past habits can shape consumers' preferences for certain brands.
Step-by-step explanation:
Differentiated products are products that are distinctive from those of competitors through physical aspects, location, intangible aspects, or consumer perceptions. For example, a company may differentiate its product by offering unique services, such as free delivery or a money-back guarantee. Additionally, differentiation can also occur in the minds of buyers, where advertising and past habits shape their preferences for certain brands.