What Is Product Differentiation and How Does This Relate to the Marketing

question 192

Essay

What is Product Differentiation and how does this relate to the marketing mix? Give an example.
E.g., Apple iPod vs.Creative MP3 player.The iPod can play back video as well as MP3 files.

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Definitions:

Income Rankings

A hierarchy or classification of incomes, from the lowest to the highest.

Productivity

The quantity of goods and services produced from each unit of labor input.

Productivity

A measure of the efficiency of production, often calculated as the ratio of outputs produced to inputs used.

Income Per Person

The average amount of money earned by an individual in a specific area or country, often used to measure economic well-being.