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Point Of Difference
Point of difference refers to the factors of products or services that establish differentiation. Differentiation is the way in which the goods or services of a company differ from its competitors. Indicators of the point of difference's success would be increased customer benefit and brand loyalty. However, an excessive degree of differentiation could cause the goods or services to lose their standard within a given industry, leading to a subsequent loss of consumers. Hence, a balance of differentiation and association is required, and a point of parity has to be adopted in order to allow a business to remain or further enhance its competitiveness. Significance of differentiation Standing out from the competitors By differentiating itself from competitors, a business might have greater potential income. Because having differentiated goods or services limits the choices of consumers, which drive them to purchase goods or services from a particular company. In addition to that, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Differentiation Types
Differentiation may refer to: Business * Differentiation (economics), the process of making a product different from other similar products * Product differentiation, in marketing * Differentiated service, a service that varies with the identity of the consumer or the context in which the service is used Science, technology, and mathematics Biology and medicine * Cellular differentiation, in biology * Differentiation (journal), ''Differentiation'' (journal), a peer-reviewed academic journal covering cell differentiation and cell development * Developmental biology, the study of the process by which animals and plants grow and develop * Differentiation therapy, a cancer treatment in which malignant cells are encouraged to differentiate into more mature forms using pharmacological agents Geology * Igneous differentiation, in geology * Planetary differentiation, in planetary science and geology Social sciences * Differentiation (economics), the process of making a product different ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |