Products can be differentiated

Question

Quizplus · Accepted Answer

Products can be differentiated by various factors including location and brand name. For example, a product sold in a premium location may be perceived as having higher quality compared to the same product sold in a less desirable location. Similarly, a product with a well-established brand name may be preferred over a generic version of the same product. While the number and homogeneity of the buyers may also impact product differentiation, it is not the only or most significant factor.

Products Can Be Differentiated