Product Differentiation Means

question 137

Multiple Choice

Product differentiation means

• A) making a product that has perfect substitutes.
• B) making a product that is entirely unique.
• C) the inability to set your own price.
• D) making a product that is slightly different from products of competing firms.
• E) making your demand curve horizontal.

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Definitions:

Openness To Experience

A personality trait that features the willingness to engage in new experiences, creativity, and a broad range of interests.

Brain Activity

The electrical and chemical processes in the brain that allow for thought, perception, emotion, and movement.

Neuroticism

A personality trait characterized by tendencies toward anxiety, moodiness, worry, and emotional instability.

Extraversion

A personality dimension that characterizes individuals who are outgoing, energetic, talkative, and sociable.