Product differentiation can lead to high market share and low costs.

Name: Product differentiation can lead to high market share and low costs.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

Product differentiation helps companies to distinguish their products from competitors, which can increase customer loyalty and brand recognition. This can lead to higher market share and the ability to charge premium prices, which can ultimately result in lower costs through economies of scale and increased production efficiency.

Product Differentiation Can Lead to High Market Share and Low