Differentiated goods (差异产品 chāyì chǎnpǐn) refer to competing products which have strong substitutability (可替换性 kě tìhuàn xìng) and are not identical with other products. The differences (差异 chāyì) of goods (产品 chǎnpǐn) may lie in the aspects including function, appearance, location and quality. Differentiated goods help to lead to consumers’ different preferences towards goods.
- 差异 (chāyì) derives from
- 产品 (chǎnpǐn) derives from
Differentiated goods (差异产品 chāyì chǎnpǐn) word examples:
- Horizontally differentiated products (水平差异产品 shuǐpíng chāyì chǎnpǐn).
- Vertically differentiated products (垂直差异产品 chuízhí chāyì chǎnpǐn).
- Mixed differentiated products (混合差异产品 húnhé chāyì chǎnpǐn).