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Toyota has developed a wide range of different types of cars to meet the differentpreferences of its customers and thus increase its market share. Horizontaldifferentiation

Toyota has developed a wide range of different types of cars to meet the differentpreferences of its customers and thus increase its market share. Horizontaldifferentiation refers to how customers prefer different products. Verticaldifferentiation refers to how products differ in quality. All customers want the highestlevel of quality, but they differ in their willingness to pay for quality variations

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