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The Way a Product Is Differentiated from Other Products of Its

question 12

True/False

The way a product is differentiated from other products of its type and the price of the product determine which product a customer chooses to satisfy his or her needs.


Definitions:

Spontaneously

Occurring without apparent external cause or intervention, often used to describe natural phenomena or processes.

Organisms Adapt

The process by which living things change over time in response to their environment to improve their chances of survival.

George Lyell

This appears to be a mistaken reference. If it intends to refer to Charles Lyell, he was a British lawyer and the foremost geologist of his day, best known for his contributions to the principles of geology and the concept of deep time.

Thomas Malthus

An English economist and demographer known for his theory that population growth will always tend to outrun the food supply and lead to societal collapse.

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