Question: 3 . A new - product development team at Lyra Skincare is developing a new sunscreen serum for sun damaged skin. The team is considering

3. A new-product development team at Lyra Skincare is developing a new sunscreen serum for sun damaged skin. The team is considering four options through which they hope to differentiate their serum from competitors.
These four options are: Differentiation via
a. Product Attributes
b. Benefits
c. Use/applications
d. Quality/Price
For each option, describe how the company might develop the product position by differentiating it from its competitors. Which positioning/differentiation platform would you chose? Why? Once youve determined the position, try to come up with a suitable brand name for the product, and explain your choice

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