All categories

3 years ago

Describe some techniques that sellers use to differentiate their products.

Business

1 answer:

Alchen [17]3 years ago

6 0

Hello!

The term "differentiation" refers to what sellers do to make their products different, or stand out, from competing products.

A few forms of differentiation are through:

- Pricing (more expensive or less expensive than competitors)

- Form (size, shape, structure, etc.)

- Performance (performing better or more efficiently than competitors)

- Reliability (lasting longer than competing products)

For example, Tesla differentiates itself through offering appealing (stylish) electric cars that are energy-saving and more efficient than other electric vehicles. Pricing is also reasonable for what the company offers, but expensive relative to most common gas-powered cars.

I hope this helps you! Have a lovely day!

- Mal

You might be interested in

True or false: apple computer, inc. collected information on the age of their customers. the youngest customer was 12 and the ol

vova2212 [387]

Yeah, a pie chart lets you see which color is larger/bigger. Like more young customers or more older customers.

3 0

3 years ago

Brooks Corporation has a Food Services department that provides food for employees in all other departments of the company. For

blsea [12.9K]

Answer:

the amount that should be charged for the other department is $60,000

Explanation:

The computation of the amount that should be charged for the other department is shown below:

= Variable cost per meal × number of meals

= $4 × 15,000 meals

= $60,000

hence, the amount that should be charged for the other department is $60,000

So the same would be relevant

6 0

3 years ago

Venture Philanthropy Partners focuses on helping youth and children from low-income families in the Washington, D.C., area. What

andriy [413]

The work of Venture Philanthropy Partners in focusing on low-income families would make it a Community Fund

A Community Fund:

Focuses on helping a certain need in the society
Is usually targeted at the less well off in society

Venture Philanthropy Partners is targeting youth and children that come from lower income families which means that they are targeting the needs of the less well off.

We can therefore conclude that this is a community fund.

Find out more at brainly.com/question/18776651.

4 0

2 years ago

Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for De

Dvinal [7]

Answer:

Equivalent units

a) Weighted average = 523,200 units

b) FIFO = 480,000 units

Explanation:

FIFO Method.

Fully worked units: These represent units of inventory that were started in a current period and completed that same period. The fully worked units are calculated in order to separate the opening inventory from the the newly introduced when accounting for completed units under the FIFO.

For magic company , fully worked units is

= 480,000 - 72,000 = 408,000 units

Equivalent units using Weighted Average

Here, there are no distinction between opening inventory and the newly introduced.

Equivalent Units

Completed unit (100%× 480,000) = 480,000

Closing inventory (60% × 72,000) = 43,200

Total equivalent units 523,200

Equivalent Units using FIFO

Item Equivalent Units

Opening inventory (40% × 72,000) = 28,800

Fully worked (100%× 408,00) = 408,000

Closing inventory (60% × 72,000) = 43,200

Total equivalent units 480,000 

Equivalent units

a) Weighted average = 523,200 units

b) FIFO = 480,000 units

8 0

3 years ago

Parker Industries is a small company with a big name! Parker Industries is actually a one-person company that imports strands of

Tamiku [17]

Answer:

Total fixed costs= $150

Explanation:

Giving the following information:

Parker's only overhead is a storage unit for the inventory that costs $125 a month and a $25 monthly fee for website hosting.

A cost is categorized as fixed because it does not vary with production (in relevant ranges).

In this case, the only two cost that is fixed is the storage and website hosting.

Total fixed costs= 125 + 25= $150

7 0

3 years ago

Describe some techniques that sellers use to differentiate their products.​

Describe some techniques that sellers use to differentiate their products.