Product Differentiation Is

question 57

Multiple Choice

Product differentiation is

• A)the ability of consumers to determine differences in different units of the same product.
• B)the existence of varying degrees of differences among similar items.
• C)the spin-off of one product line from another.
• D)an attempt by salespeople to make the products they sell appear different from products others sell.
• E)the opposite of production.

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Definitions:

Duty Of Loyalty

A fiduciary responsibility that requires individuals to act in the best interest of another party, such as a corporation or its shareholders.

Duty Of Care

An obligation to take reasonable care to avoid causing harm to another person.

Minority Shareholders

Individuals or entities that own less than 50% of a company's shares, often with limited control over corporate decisions.

Cumulative Voting

A method of voting in corporate elections that allows shareholders to concentrate all their votes on one candidate as opposed to distributing them among multiple candidates.