solve

Current ATTEMPT In Progress Identify a true statement about product differentiation. Itis astrategy whereby companies attempt to gain advantage by producing similar products in bulk to reduce costs. When the perceived value of a product increases in the mind of the customer, it also increases the customer's willingness to pay a higher price. Companies that invest resources to create unique features in their products often charge a lower price. O It exists only when the products of two different companies are different in terms of technical features. Save for Later Attempts: 0 of 1 used