Instead of Differentiating a Product or Service,an Organization Can Add

question 11

True/False

Instead of differentiating a product or service,an organization can add to the product or service to increase its value to the consumer.

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Definitions:

Substitutes

Products or services that can replace each other in use, causing the demand for one to increase when the price of the other rises.

Complements

Goods or services that are used together with another, such that the demand for one increases when the price of the other decreases.

Video Games

Electronic games played through the use of computers, consoles, or other devices, often involving interactive and multimedia elements.

E-books

Digital formats of written content that can be read on computers, e-readers, or other electronic devices.