Business, 04.04.2020 10:27 joebossmc2184

Product differentiation is the process that firms use to make a product more attractive to potential customers. On which of the following criteria can firms differentiate their products? Choose one or more:A. location (downtown, next door)B. excess capacity (ability to produce more than current output)C. quality (durable, reliable, easily broken)D. style/type (language, size, speed)E. entry/exit (joining a market as a new firm, "retiring" as a firm)F. number of competitors

Answers: 2

Show answers

Answers

Answer from: thomaskilajuwon

Location

Quality

Style / Type

Explanation:

Product differentiation is a strategy that companies use to distinguish their products from other similar ones in the market in order to gain competitive advantages

From the options given in the question , a firm can use location , quality and style / type to differentiate its product.

Location : A convenient location considering factors like proximity , motor access and others can attract more customersQuality : Good contents , durability , value for money factor of a commodity will also attract customersStyle / Type : Appealing styles and good packages will also attract customers.

Answer from: Dianar4308

A) Location(Downtown, next door) and C) Quality (Durable, reliable, easily broken)

Explanation:

Product differentiation can take many forms depending on the strategy and type of product. Product differentiation should be able to showcase the ability of a product to be versatile, that is, ability to do all sorts of things which competing products can do but with an extra advantage through which no other product can or will be able to offer. These forms include:-

1) Price:- Price can be a strategic move which a firm can take. For example, a firm can reduce its charging price for the product and this will be a very welcomed development for consumers who cherish low priced products whereas the firm might increase the price of their product to indicate it'd quality.

2) Reliability:- Products which are reliable are often referred to as long term assets because they tend to last long more than the competing product.

3) Location:- Good location raises the bar of a product because of its area of coverage. If the area tends to be favourable with the product, then its product differentiation strategy has worked out.

Answer from: Quest

support your answer using the data presented. (5 points). 4. based on the information you used to schedule and curve, which product would you recommend the shoe hut focus on, and why? provide details that support your answer. (5 points).

Answer from: Quest

what are your options to your question?

Other questions on the subject: Business

Business, 21.06.2019 20:20, larry2929

The 2016 financial statements of the new york times company reveal average shareholders’ equity attributable to controlling interest of $837,283 thousand, net operating profit after tax of $48,032 thousand, net income attributable to the new york times company of $29,068 thousand, and average net operating assets of $354,414 thousand. the company's return on net operating assets (rnoa) for the year is: select one: a. 3.5% b. 6.9% c. 13.6% d. 18.7% e. there is not enough information to calculate the ratio.

Answers: 1

continue

Business, 22.06.2019 08:00, leannaadrian

Companies in the u. s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct

Answers: 1

continue

Business, 22.06.2019 11:10, amunson40

The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?

Answers: 2

continue

Business, 22.06.2019 20:10, janayflowers042

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken

Answers: 2

continue

You know the right answer?

Product differentiation is the process that firms use to make a product more attractive to potential...