A Differentiator Should Not Be Concerned About the Production Cost

question 68

True/False

A differentiator should not be concerned about the production cost of a product because it can charge a premium price.

---

Definitions:

Environmental Forces

The uncontrollable forces that affect a marketing decision and consist of social, economic, technological, competitive, and regulatory forces.

Geographic Segmentation

Dividing a market into different geographical units like regions, states, cities, or neighborhoods to tailor marketing strategies accordingly.

City Size

The specific dimension or scale of an urban area, usually measured by its population or geographical area.

Marketing Action

Specific steps or initiatives undertaken by a company to promote its products or services to its target market.