Answer:This strategy is called product differentiation
Explanation:
What Is Product Differentiation?
When companies sell similar product the other company may need to spice up their product or start applying something that will make it distinct even though it is the similar product , add something that will make it exceptional that will make it stands out to that of their competitors
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This marketing strategy is known as product differentiation.
They carry out this marketing strategy by highlighting through their advertisement how their product differ from the similar product .
They create their own distinct values that will make them stand out and attract more customers.
These distinct characteristics may give them advantages to people that they target .
The ice cream seller in the above text introduced five varieties of ice cream to make their own business distinct to their competitors.
No, 3 hours equals 180 minutes are out of this confidence interval.
<h3>What is confidence interval?</h3>
A confidence interval (CI) is a range of estimates for an unknown parameter in frequentist statistics. The 95% confidence level is the most popular, however other levels, such 90% or 99%, are occasionally used when computing confidence intervals. The percentage of related CIs over the long run that include the parameter's actual value is represented by the confidence level. For instance, 95% of all intervals calculated at the 95% confidence level should include the parameter's actual value. The degree of confidence, the size of the sample, and the sample's variability are all factors that might impact the breadth of the CI.
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