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2.Generic product: this is a version of the product containing only those attributes or characteristics absolutely necessary for it to function.3.Expected product:The set of attributes or characteristics that buyers normally expect and agree to when they purchase the Mercedes Benz car. 4.Augmented product:this refers to the inclusion of additional features, benefits,attributes or related Mercedes Benz services that serve to differentiate the product from its competitors. 5.Potential product:This includes all the augmentations and transformations theMercedes Benz might undergo in the future.
I believe that augmentation is the most important level because it is more customer centered and focuses on the needs of the buyer. This level also serves to differentiate Mercedes Benz cars from other competitors. Answer Mercedes is using the penetration pricing strategy to gain market share quickly. Mercedes could also use economy pricing as an alternative strategy. I believe that Mercedes made a right decisionto use the penetration pricing strategy. This strategy will enable them to reach out to new marketsand establish huge market base for their new car.