Effectively catering to the distinct needs of consumers by offering them clearly differentiated products involves much higher research, production, advertising, and distribution costs.

Question

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Differentiating products to cater to distinct consumer needs often requires significant investment in research to understand those needs, development to create the products, advertising to communicate the benefits, and distribution to ensure the products reach the intended market segments.

Effectively Catering to the Distinct Needs of Consumers by Offering