In which market product differentiation is found ?
Answers
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.
Market in which product differentiation is found
Explanation:
Product differentiation is the process of distinguishing product from that of the competitors so that consumers can be attracted. it is done through adding new features to the product , so that consumers expectation can be met.
Product differentiation is a main feature of Monopolistic market. monopolistic market is a market type where many producer sale differentiated goods, which can be used as a substitute of each other but they are not identical.
Learn more:
Meaning of product differentiation
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