A Firm Could Differentiate Its Product by All of the Following

question 55

Multiple Choice

A firm could differentiate its product by all of the following means exceptone.Which is the exception?

• A)making the product available at a number of different locations
• B)increasing the number of services that accompany the product
• C)making the product physically different from other products
• D)using packaging or advertising to create a special subjective image of the product in the consumer's mind
• E)emphasizing that the product provides the same benefits to consumers as the others on the market,
• Even when it is really physically different

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Definitions:

Marginal Tax Rate

The percentage of tax applied to your income for each tax bracket in which you qualify.

Average Tax Rate

The proportion of total income that is paid as taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.

Total Income

The sum of all earnings by an individual or entity from various sources, including wages, investments, and other forms of revenue, before taxes and deductions.

Average Tax Rate

The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), often expressed as a percentage.