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:

Aggregate Demand

The total demand for all finished goods and services produced in an economy at a given time and price level.

Foreign Economies

Foreign economies refer to the economic systems and conditions of countries other than one’s own, focusing on their production, distribution, and consumption of goods and services.

Dollar

A unit of currency used in the United States and other countries, symbolized by $.

Speculators

Individuals or entities that engage in financial transactions primarily to profit from short-term fluctuations in market prices, rather than for long-term investment or use.