Product Differentiation Means

question 137

Multiple Choice

Product differentiation means

• A) making a product that has perfect substitutes.
• B) making a product that is entirely unique.
• C) the inability to set your own price.
• D) making a product that is slightly different from products of competing firms.
• E) making your demand curve horizontal.

---

Definitions:

N

Typically represents the sample size, or number of observations or participants, in a study or statistical analysis.

Individual Score

The specific value or outcome obtained by an individual in a test or assessment.

Σ

Represents the mathematical symbol for summation, indicating the addition of a sequence of numbers.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, often the mean, median, or mode.