If a seller can differentiate its offering, it can escape commodity status and enhance its market power.

Name: If a seller can differentiate its offering, it can escape commodity status and enhance its market power.
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

Differentiation allows a seller to make its offering unique in the market, which can reduce direct competition, allow for premium pricing, and enhance its market power by attracting and retaining customers who value the unique attributes of the offering.

If a Seller Can Differentiate Its Offering, It Can Escape