Product Differentiation Occurs When

question 20

Multiple Choice

Product differentiation occurs when

• A)A completely new process is used to produce a familiar product.
• B)One firm produces many varieties of a product.
• C)Buyers perceive differences in the products of several companies.

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Definitions:

Organizational Justice

The perception of fairness in workplace practices.

Workplace Practices

Procedures and routines that are carried out in a work environment, affecting employees' performance, satisfaction, and well-being.

Fairness

The impartial and just treatment of individuals without favoritism or discrimination.

Perceived Inequity

A feeling of unfairness experienced when an individual compares their own work reward ratio to that of others.