Because of informal price-fixing, competition wasn't based on price, but rather product differentiation.
The process is called product differentiation, which is hardly new in America.
We aim for leadership positions in niche markets, using product differentiation.
Point of difference is a term used for an outcome of product differentiation.
The major sources of product differentiation are as follows.
These included, for example, management of working capital, product differentiation and cost management.
"It's not a point of product differentiation for us," he said.
As we explained earlier in the article, product differentiation is a common cause of fragmentation.
Mr. Young started to apply another business principle - product differentiation.
Yet each firm has some control over price owing to product differentiation.