How does branding help in creating product differentiation?
Answers
Answered by
0
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
Answered by
0
Differentiation can help achieve unique value and acquire a competitive advantage which helps generate higher sales and profits. ... Most of the brands that are leading in their markets, are at the top because they have been able to differentiate their products and create unique value. Differentiation is everywhere.
Mark me brainest
Similar questions