Greater degree of product differentiation implies
smaller profit
high costs
less elastic demand curve
highly interest
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high cost
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Greater degree of product differentiation implies high interest.
- Consumer attention to one or more major features of a product or brand that make it a better choice than similar products or brands is required for product differentiation.
- Product design, marketing, packaging, and pricing are all factors of distinctiveness.
- Product differentiation helps businesses obtain a competitive advantage and market share. It boosts market competition and keeps consumer costs in check. Thus, it implies that there will be high interest.
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