Product differentiation allows companies to become more of a price-taker, and less of a price setter.

Name: Product differentiation allows companies to become more of a price-taker, and less of a price setter.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Product differentiation typically allows companies to become more of a price setter, as it enables them to offer unique products or services that can command a premium price, rather than competing primarily on price as a price-taker would.

Product Differentiation Allows Companies to Become More of a Price-Taker