Question: 3 . A new - product development team at Lyra Skincare is developing a new sunscreen serum for sun damaged skin. The team is considering
A newproduct 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 Useapplications
d QualityPrice
For each option, describe how the company might develop the product position by differentiating it from its competitors. Which positioningdifferentiation 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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