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A company that excels at product differentiation can normally demand a higher price for a product because of its perceived higher quality.

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Q: What is the advantage of product differentiation?
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Related questions

What is the advantage of differential?

A company that excels at product differentiation can normally demand a higher price for a product because of its perceived higher quality.


What is real product differentiation and imaginary product differentiation?

b benefits


What is the Competitive advantage of GM?

Differentiation advantage


Is oceano and sons strategy one of product differentiation or cost leadership?

product differentiation


What is an example of a product that requires product differentiation?

For example, product differentiation might be necessary when a new laundry detergent is advertised.


How can competitive positioning be changed?

Product differentiation is the best way to stand out in a competitive market. What makes your product or service better or different? It could be as simple as packaging or as complex as a technological advantage.


What is e xample of product for differentiation?

Product differentiation is the process of customizing products. When you order food without items that come with the food then the business allows you to differentiate your product.


What has the author Paolo Annunziato written?

Paolo Annunziato has written: 'Pricing practices in markets with product differentiation' -- subject(s): Product differentiation


Does A transparent marketplace means that there is high product differentiation?

No, it's the opposite. A transparent marketplace means little product differentiation, AND that all prices are known constantly.


Which idea is inconsistent with pure competition?

product differentiation


What is the difference between product diversification and product differentiation?

Product diversification means that you will have several different types of products for sale, such as selling school supplies as well as toiletries. I think product differentiation means that you will have several different types of the same product available, such as the same baseball hat in several colors or with different team logos. Here's how about.com defines "product differentiation"--"Developing unique product differences with the intent to influence demand".


What are the key factors for establishing product differentiation in a post recession as it relates to economic indicators?

In the new post-recession consumer environment, the following are the differentiation factors that need to be considered in order to attain product differentiation. The service, the treatment of the customer before and after the sale sets their and satisfaction with the product. Location, the business must be accessible to the consumer, this creates convenience for the customer. Price differentiation is a common differentiation strategy; the key is to give the consumers value for their money.