Question

A product with only key or elementary features of the product is called

Answer 1

Answer:

In economics and marketing, product differentiation (or simply differentiation) is the process of distinguishing a product or service from others, to make it more attractive to a particular target market. This involves differentiating it from competitors' products as well as a firm's own products. The concept was proposed by Edward Chamberlin in his 1933 The Theory of Monopolistic Competition.

Answer 2

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⏩In economics and marketing ,product differenciation is the process of distinguishing a product or service from others, to make it more attractive to a particular target market. This involves differentiating it from competitors products as well as A firm's own products.The concept was proposed by Edward Chamberlin in his 1993 The Theory of Monopolistic Competition⏪

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