Price pressure will increase for undifferentiated products than differentiated products.

Name: Price pressure will increase for undifferentiated products than differentiated products.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

Undifferentiated products are often seen as interchangeable and price becomes the main concern for buyers, leading to increased price pressure. Differentiated products, on the other hand, have unique features that make them stand out in the market, which reduces the emphasis on price and increases the willingness to pay.

Price Pressure Will Increase for Undifferentiated Products Than Differentiated Products