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

question 26

True/False

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

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Definitions:

Commodification

The process of treating goods, services, ideas, or people as commodities, thus making them subject to trade in a market.

Nationalization

The process by which a government takes control of a previously private sector business or industry.

Political Freedom

The degree to which individuals are able to participate in the political life of their society without repression.

Evade Taxation

The illegal practice of avoiding the payment of taxes owed by using deceitful or unlawful means.