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Sagot :
The trait or characteristics that set your product or service apart for your target market are known as product differentiation.
Product design, marketing, packaging, and pricing are the ways of product differentiation in monopolistic competition.
What distinguishes your good or service from those offered by competitors in your market and makes it more desirable to consumers is called product differentiation. What provides you a competitive advantage in your market is product differentiation. Better quality and customer service, as well as distinctive features and benefits, can be used as product differentiators.
Consumer attention to one or more salient features that set a product or brand apart from competing options is essential to product differentiation.
Marketing, packaging, pricing, and product design are examples of differentiating factors.
A product differentiation approach should show that a product has all the qualities of rival options but also offers unique, additional benefits that no other product does.
To learn more about product differentiation please click on the given link: https://brainly.com/question/13077606
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