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A Product Must Be Differentiated on Tangible Differences for It

question 45

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A product must be differentiated on tangible differences for it to create long-lasting product differentiation.


Definitions:

Truck Speed

The rate at which a truck moves, usually measured in miles per hour or kilometers per hour.

Pearson Correlation Coefficient

A measure of the linear correlation between two variables X and Y, giving a value between +1 and -1, where 1 is total positive linear correlation, 0 is no linear correlation, and -1 is total negative linear correlation.

Sales

The action or business of selling products or services to customers.

Experience

The knowledge or mastery of an event or subject gained through involvement in or exposure to it.

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