Which of the Following Statements Describes the Product Differentiation Strategy

question 31

Multiple Choice

Which of the following statements describes the product differentiation strategy?

• A)adding special features to a product for which customers are willing to pay more
• B)selling the same product in more than one market at different price levels
• C)pricing of product or services at moderate levels
• D)selling a range of products across different geographical locations

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Definitions:

Low-skilled Immigrants

Individuals who migrate from one country to another and possess limited vocational skills or education.

Business Income

Revenue received from the sale of goods or services related to the day-to-day operations of a business.

Immigration

The action of moving to a foreign country to live permanently.

Pre-migration

The period before migration that involves preparation and decision-making processes by potential migrants.