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 allows companies to become more of a price-setter because it creates a unique value proposition, reducing direct competition and giving the company more control over pricing.

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