Examlex
Which statement is true?
Product Differentiation
The technique of making a product or service stand out in the market to make it more appealing to a specific target demographic.
Price Competition
A type of competition where businesses focus on selling products and services at lower prices than their competitors.
Tacit Collusion
A form of collusion among competitors in which they cooperate to achieve higher prices or market share without explicit communication.
Product Differentiation
the process of distinguishing a product or service from others in the market to make it more attractive to a particular target audience.
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