D) charging different prite t services ments best define a produet differentiati
ID: 2410517 • Letter: D
Question
D) charging different prite t services ments best define a produet differentiation strategy? 16) Which of the following state A) It describes how an organization can increase customer base by differentiating product prices from its competitors. B) It is an organization's ability to achieve lower costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control C) It deseribes how an organization can decrease product prices by differentiating its' raw materials from its competitors. D) It is an organization's ability to offer produets or services its customers perceive to be superior and unique relative to the products or services of its competitors.Explanation / Answer
Answer
Option D is right - it is an organizations ability to offer products and services it's customers perceive to be superior and unique relative to the products or services of its competitors.
Explanation : product differentiation is the process of distinguishing a product or service from others to make it more attractive to a particular target market.
It involves differentiating it's products and services from its competitors products and services as well as their own products.
Price differentiation is not a product differentiation.
it is the process of providing unique products from it's competitors.
Thank you
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