Identify a Way in Which Companies Can Differentiate Their Products

question 56

Multiple Choice

Identify a way in which companies can differentiate their products based on features.

• A)By offering customers a feeling of prestige upon using their products
• B)By making their products easily available to customers
• C)By designing products to be customizable by customers
• D)By designing products of superior quality compared to others in the market

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Definitions:

Implied Warranty Of Merchantability

The implied warranty of merchantability is a legal guarantee that goods sold by a merchant meet minimum quality standards, making them fit for the ordinary purposes for which such goods are used.

Foreign Substance

Any material or agent that is not naturally part of another substance or environment, often causing contamination or undesired effects.

Implied Warranty Of Merchantability

An assurance that a product is fit for the ordinary purposes for which such products are used, even if not expressly stated.

Merchant

A person or business that sells goods or services to consumers.