If a company follows a strategy of product differentiation, it will seek ways to set its products apart from competitors' in terms of quality, design or service.

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This statement is true. A product differentiation strategy involves distinguishing a company's products from those of its competitors through unique features or attributes, such as higher quality, design, or service. The goal is to make the product or brand stand out in the marketplace and create a competitive advantage.

If a Company Follows a Strategy of Product Differentiation, It