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A business sells the same product as many other sellers but adds faster home delivery. What does this demonstrate?

Answer and explanation

Correct answer: Creating differentiation through service

Differentiation means offering a feature or experience that makes a business more attractive than comparable alternatives. The product itself is similar, but faster delivery adds convenience and creates distinct customer value through service. It does not stop production, remove the need to understand customer groups, or eliminate business risk; competition and risk still remain.

Related tags

DifferentiationHome DeliveryService InnovationCustomer ValueIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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