Businesses would rather produce commodities than differentiated products.

Name: Businesses would rather produce commodities than differentiated products.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Businesses often strive to produce differentiated products to stand out from competitors and attract customers, as this can lead to higher profits and brand loyalty. However, some industries may focus on producing commodities due to factors such as low profit margins or high demand for standardized products.

Businesses Would Rather Produce Commodities Than Differentiated Products