A differentiated product is a product that:
A) has a greater resale value than rival products.
B) provides greater reliability than rival products.
C) is offered free of cost on purchase of a company's standard product.
D) always costs more than rival products.
E) always costs less than rival products.

Question

Quizplus · Accepted Answer

A differentiated product is a product that offers unique features or benefits that make it stand out from its competitors. While it may cost more than its rivals, it typically provides greater value to the consumer. Reliability is one example of a feature that can differentiate a product from its competitors.

A Differentiated Product Is a Product That