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What is the difference between product diversification and product differentiation?
Manojjuyal123
Product diversification means that you will have several different types of products for sale, such as selling school supplies as well as toiletries.
I think product differentiation means that you will have several different types of the same product available, such as the same Baseball hat in several colors or with different team logos. Here's how about.com defines "product differentiation"--"Developing unique product differences with the intent to influence demand".
Wiki User
∙ 13y ago
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Is oceano and sons strategy one of product differentiation or cost leadership?
product differentiation
What is the difference between a standardized product and a differentiated product?
standardization of products mean that you have a particular set of products which are the same for every customer; for example, natural gas and electricity. differentiation of products would mean that each product is individual and can be altered according to customer demand such as : Windows or Frisbees.
What is the single biggest difference between product and selling concepts?
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Which idea is inconsistent with pure competition?
product differentiation
What is the difference between a product item and a product line?
They Both Suck!
A significant difference between perfect competition and monopolistic competition is that?
Product differentiation
What is real product differentiation and imaginary product differentiation?
b benefits
Is oceano and sons strategy one of product differentiation or cost leadership?
product differentiation
What is an example of a product that requires product differentiation?
For example, product differentiation might be necessary when a new laundry detergent is advertised.
What is the advantage of product differentiation?
A company that excels at product differentiation can normally demand a higher price for a product because of its perceived higher quality.
What is Product Differentiation?
Product differentiation is when a company tries to create a different appeal to a product that exists among other competitors. This process of creating a marketable difference can increase the premium of a price while giving the customer the satisfaction of value. With cars it can be safety and performance. With foods it can be health benefits or quality.
Relationship between Product Positioning and product differentiation?
Product differentiation refers that how you differentiate your products in terms of service, personnel, image, quality which will be considered as unique and other cannot provide this one. On the other hand positioning refers that what customers think about your product or what perception in their mind regarding your products.
What is the difference between a standardized product and a differentiated product?
standardization of products mean that you have a particular set of products which are the same for every customer; for example, natural gas and electricity. differentiation of products would mean that each product is individual and can be altered according to customer demand such as : Windows or Frisbees.
What is e xample of product for differentiation?
Product differentiation is the process of customizing products. When you order food without items that come with the food then the business allows you to differentiate your product.
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What is product diversification?
The process of expanding business opportunities through additional market potential of an existing product. Diversification may be achieved by entering into additional markets and/or pricing strategies.
