Ways to differentiate a product do NOT include: a. providing different types of customer service for a b. adding features to a company's product.
Ways to differentiate a product do NOT include: a. providing different types of customer service for a b. adding features to a company's product.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:### Ways to Differentiate a Product
When differentiating a product, certain strategies are commonly employed to stand out in the market. However, some approaches are not considered typical methods of product differentiation. Notably, the following list highlights ways to differentiate a product *do not* include:
a. **Providing different types of customer service for a product.**
b. **Adding features to a company's product.**
c. **Charging a lower price than other companies for a given product.**
d. **Changing the quality of the company's product.**
Make sure you focus on these points regarding product differentiation in your learning and applications. Each point describes an important aspect that businesses might consider, but remember the context in which it is mentioned.
For further detail, click on each method to explore examples and explanations relevant to your subject of interest.
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