Product Differentiation Is the Process of Creating a Competitive Advantage

question 72

True/False

Product differentiation is the process of creating a competitive advantage by designing goods or services to satisfy customer needs.

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Definitions:

Idea Impression

The initial perception or mental image that a person has about an idea, which can influence how they think about its potential success or usefulness.

Hear More

An expression of interest to receive further information or details about a topic or subject.

Flash Mob

A large group of people who assemble suddenly in a public place, perform an unusual act for a short time, then quickly disperse.

Guerrilla Marketing

Innovative, unconventional, and low-cost marketing techniques aimed at obtaining maximum exposure for a product or brand.