Product differentiation definition

Product differentiation means a strategy that aims to give a provider’s own products characteristics that distinguish it from the products of competing providers. Product differentiation can take place both in the wholesale and retail market. A high degree of product differentiation by a provider may provide a basis for strong customer loyalty and reduce competition in the market. Strong brands can have similar effects.
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Product differentiation means a strategy that aims to give a provider’s own products characteristics that distinguish it from the products of competing providers. Product differentiation can take place both in the wholesale and retail market. A high degree of product differentiation by a provider may provide a basis for strong customer loyalty and reduce competition in the market. Strong brands can have similar effects. In addition, various types of limitations or costs of switching provider can reduce the competition intensity at both the retail and wholesale levels.
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Examples of Product differentiation in a sentence

  • If design changes implemented pursuant to Sections 15 or 16 require specific tooling, equipment or material different from that required for Seller's manufacture of Products for Buyer and different from that required for manufacture of Products for sale by Seller itself or by Seller to other customers, Seller agrees to develop tooling as required by Buyer to achieve appropriate Product differentiation.

  • Each report shall be in such form and contain such information as may be mutually agreed by the parties, including but not limited to, progress to current scheduled milestones, description of any problems in meeting milestone, and if problems, proposed recovery methods, and changes in party's estimate of key purchased component and JetFax Product differentiation costs.

  • Product differentiation, multiproduct firms, and estimating the impact of trade liberalization on productivity.

  • If design changes implemented pursuant to Section 10 or 11 require specific tooling, equipment or material different from that required for Seller's manufacture of Products for Buyer and different from that required for manufacture of Products for sale by Seller itself or by Seller to other customers, Seller agrees to develop tooling as required by Buyer to achieve appropriate Product differentiation.

  • Product differentiation is a classical strategy in the economic value creation process, well- known in marketing theories (▇▇▇▇▇▇, 1985), which main interest is the price setting at a market equilibrium moved from the initial market to a niche market because the product has a specific and unique quality which makes it different from the standard product (▇▇▇▇▇▇▇▇▇▇, 1933).

  • If design changes implemented pursuant to Sections 10 or 11 require specific tooling, equipment or material different from that required for Seller's manufacture of Products for Buyer and different from that required for manufacture of Products for sale by Seller itself or by Seller to other customers, Seller agrees to develop tooling as required by Buyer to achieve appropriate Product differentiation.