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4 years ago

Describe some techniques that sellers use to differentiate their products.

Business

1 answer:

Alchen [17]4 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

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3 years ago

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3 years ago

According to okun’s law, how much output (real gdp) was lost in 2009 when the nation’s unemployment rate increased from 5.8 perc

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3 years ago

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3 years ago

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marishachu [46]

Answer:

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3 years ago

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

Describe some techniques that sellers use to differentiate their products.