In differentiating a product, the supply-side consideration is to _____ as possible.
A)be as different from competitors
B)create as many barriers to entry
C)increase the number of competitors as much
D)cut price as much

Question

Quizplus · Accepted Answer

In differentiating a product, the supply-side consideration should aim to be as different as possible from competitors. This will give the product a unique selling proposition and help to attract customers. Creating barriers to entry and increasing the number of competitors are not beneficial strategies from a supply-side perspective, and cutting prices too much may undermine the value of the product.

In Differentiating a Product, the Supply-Side Consideration Is to _____