Experience Differentiation Is an Extension of ________ Differentiation, Accomplished by Using

question 11

Short Answer

Experience differentiation is an extension of ________ differentiation, accomplished by using people's five senses to create an experience rather than simply providing a service.

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Definitions:

Double-Coincidence

The situation in a barter system where two parties each possess an item the other wants, enabling an exchange without the need for a medium of exchange like money.

Barter

Trading goods or services directly without the use of money as a medium of exchange.

Demand Deposits

Balances in bank accounts that depositors can access on demand by writing a check.

Liquid

In financial terms, describes assets that can be easily converted into cash without much loss in value.