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This is when a company works on making its product/service different to others in the market. |
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This can be carried out through providing a very cheap product/service – low frill airlines for instance. |
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The differentiation can also be through providing a high quality product with a high price. |
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The product can also be differentiated through the use it is associated with. |
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IS are a strong tool that help organizations look for what the customer wants, at what price, especially if the organization is following the high quality and price strategy. |
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IS make running marketing research through direct contact with customers quick, easy, and more convenient. |