Companies with a differentiation advantage can charge a higher price for their products.

Name: Companies with a differentiation advantage can charge a higher price for their products.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Companies with a differentiation advantage have a unique feature or characteristic in their products that sets them apart from competitors. This uniqueness allows them to charge a premium price as customers are willing to pay more for the perceived value of the product.

Companies with a Differentiation Advantage Can Charge a Higher Price