Question

According to the in-class discussion involving differentiating a product from the competition, the example used was :______

Answer 1

Differentiated products are created by focusing on different aspects that make them stand out from the competition.

Step-by-step explanation:

When differentiating a product from the competition, a company can focus on various aspects such as physical features, location, intangible aspects, and customer perceptions. These differentiating factors make the product stand out and are known as differentiated products. For example, a company may differentiate its product by offering unique packaging, a convenient location for customers to access the product, or by creating a strong brand image that appeals to the target market.