Question

Choose a good/service that you currently consume. How would you differentiate the good/service. How would that effect profit maximization?

Answer 1

We normally consume milk daily. And also there are milk maid also available in the market.

Differentiation is farm fresh milk is the pure cow milk available to your doorstep every day directly from the dairy farm with maintaining its quality. Farm fresh milk helps customers to stay away from poor quality and soured milk. Fresh milk is very nutritious, passed away from different quality tests and good to consume it daily basis without any doubts in mind.

But dairy whitener is the solid variety of milk. A non-dairy creamer, commonly called tea whitener or coffee whitener is a liquid or granular substance intended to substitute for milk or cream as an additive to coffee, tea, hot chocolate or other beverages. It is less nutritious compared to pure milk.

Profit maximization of