Firms Seek to Differentiate Their Product

question 70

Multiple Choice

Firms seek to differentiate their product

• A) to avoid state and federal regulation.
• B) to create an illusion of value.
• C) to strengthen their demand and to make it more inelastic.
• D) to strengthen their demand and to make it more elastic.

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Definitions:

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Customer's Name

The designation or identification used to refer to a client or purchaser of goods and services.

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A product that is typically sold in a supermarket or grocery store, ranging from food to household supplies.

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