Final answer:
The characteristics of goods, service level, and location of sale are examples of product differentiation in business.
Step-by-step explanation:
The characteristics of goods, service level, and location of sale are examples of product differentiation. Product differentiation refers to the process of distinguishing a product from its competitors through various physical, tangible, and intangible aspects.
Physical aspects of a product include features and qualities that make it unique, such as durability, taste, or design. Service level refers to the quality of customer service associated with a product, such as warranties or delivery options. Location of sale refers to the placement of a product in a specific geographic area that can influence its availability and accessibility to consumers.
Overall, product differentiation is an important strategy for businesses to create a competitive advantage and attract customers based on the unique qualities and benefits offered by their products or services.