If Products or Services Are Perceived as Being Different in a Way

question 5

True/False

If products or services are perceived as being different in a way that is valued by customers, even if there is no physical differentiation, then product differentiation exists.

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Definitions:

Ethical Theory

Philosophical thinking about morality, encompassing principles and guidelines that dictate what is right and wrong behavior.

Ethical Relativism

The theory that moral values and judgments are ultimately dependent on the cultural, societal, or personal context.

Payroll Tax

Taxes imposed on employers and/or employees, calculated as a percentage of the salaries that employers pay their staff.

Kantian Ethics

Kantian Ethics is a moral philosophy based on the work of Immanuel Kant, emphasizing that moral actions are those performed out of duty and guided by universalizable principles.