Which of the following is an example of a differentiating product?

A differentiating product is one that possesses unique features or attributes that set it apart from competing products in the market. This uniqueness can be in terms of quality, design, functionality, or any other characteristic that provides value to the consumer.

In the context of the correct answer, a product with unique features not found in competitors' products clearly defines a differentiating product because it provides a distinct advantage or appeal that cannot be easily replicated by others. This distinction helps attract customers who are looking for something specific and innovative that addresses their needs or preferences. As a result, the product can command a different price point or foster brand loyalty due to its uniqueness.

On the other hand, an exact replica of a competitor's product represents a lack of differentiation, as it does not offer anything new or distinctive to the market. A product that merely meets customer expectations typically could be seen as satisfactory but does not stand out against competitors. Lastly, selling a product only at a discount focuses on pricing strategy rather than the inherent qualities that differentiate the product itself. Therefore, the essence of a differentiating product lies in its unique features that create a competitive advantage.