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  • How do I determine a price for my product

    The price you choose for your product or service can be one of the most critical decisions affecting the success or failure of your business venture Many factors will influence your pricing strategy including the intended market for the product and how you choose to position the product

  • Pricing Strategies Boundless Business

    A line extension strategy should only be considered when the producer is certain that the capability exists to efficiently manufacture a product that compares well with the base product Line filling strategies occur when a void in the existing product line has not been filled or a new void has developed due to the activities of competitors or

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  • How do I determine a price for my product

    The price you choose for your product or service can be one of the most critical decisions affecting the success or failure of your business venture Many factors will influence your pricing strategy including the intended market for the product and how you choose to position the product

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  • Classifying new products in marketingTHE Marketing

    Product line extensions It product line extension is when the company introduces an additional product which is similar to its existing range of products A common example of a product line extension is when a well known brand brings out a variation of its product in terms of size color taste and so on

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    Product Line Extensions A product line extension is the use of an established product s brand name for a new item in the same product category Line extensions occur when a company introduces additional items in the same product category under the same brand name such as new flavors forms colors added ingredients or package sizes

  • 11 Brand Extension Examples for 2020 Dyson to Fender

    Good examples of brand extensions can put a company in a better strategic position Bad brand extensions are just ugly A brand extension some times called a category extension is when a brand is known for one type of product starts selling a different type of product Some example of brand extension are Apple from personal computers into MP3 players

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  • Product Line Extension Strategy Your Business

    Product Line Extension Strategy A product line extension strategy is an approach to developing new products for your existing customers or for prospects who do not currently buy from you Extending a product line involves adding new features to existing products rather than developing completely new products This

  • Product Line DefinitionInvestopedia

    Product Line A product line is a group of related products under a single brand sold by the same company Companies sell multiple product lines under their various brands Companies often expand

  • Vertical Versus Horizontal Line Extension Strategies

    line extension literature it is not clear whether brands are better off expanding their product lines horizontally such as offering new flavors colors sizes or scent variants of their existing products or expanding vertically such as offering qualitatively new products at different price levels

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  • Brand Extension Definition Types Examples Feedough

    A line extension is the extension of the product line while the brand extension is the extension of the width of the product mix In simple wordsLine extension involves an extension of the existing product category For example Coca Cola releasing its Diet Coke variant was a line extension where the product didn t release in a

  • Line Extension Vs Brand Extension Your Business

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  • Product line pricingSlideShare

    Product line Product MIX Product line pricing Product line pricing refers to the practice of reviewing and setting prices for multiple products in coordination with one another It is the process that retailers use to separate goods into various cost categories creating

  • Brand Extension A Strategy for Competitive Advantage

    According to him line extension means any addition in the existing product line of a company in a given category On the other hand Ries and Trout 1996 had treated line extension and brand extension as same Desai and Keller 2002 gave following classifications of line extension 2 4 Effect of Brand extension on Brand Equity

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  • Line Extension Vs Brand Extension Your Business

    A line extension is a product that incorporates a slight twist on an established brand It utilizes the older brand s name and imagery and is usually in the same general product category More than 50 percent of all new product launches each year are for line extensions that simply have a new flavor size or nutritional content according to

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  • Brand Extension Explained With ExamplesMarketing91

    2 Product form extension Line extension is when the brand is launched in a different form from the present form If the different product formed is an entirely new product category it will be termed as a brand extension rather than a product from the extension For example Google is extended now to mobile phones industry and called as

  • The 3 types of Product line stretching and why companies

    The product line length within a company keeps changing Generally there are three price bands which exists in any marketLower priced products middle priced products and premium products One brand concentrates on one price brand But the larger brands have the deep pockets to start multiple product lines which can target multiple customer segments premium or otherwise

  • The Logic of Product Line Extensions

    Whether or not to extend a product line is above all a matter of common sense At a bare minimum an extension must pass the simple tests of consumer benefit share of requirements growth brand

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  • What is Product Line Extension Examples Pros and Cons

    The concept of Product Line Extension can be defined as a business strategy where the firm plans to expand its established product brand name with the new range of items in the product category The Product Line Extension can be in the form of new colors forms shapes sizes flavors packaging and ingredients The main idea and agenda behind the same are to increase the sales and reach of

  • Extension strategiesProductEdexcelGCSE Business

    Extension strategies Developing new products is expensive and takes time so businesses will usually try to extend the life cycle of a product and prevent it from going into decline

  • 14 Examples of Product ExtensionSimplicable

    Up market Stretch The release of premium versions of a product designed to appeal to customers who are willing to pay more For example a sunscreen brand that releases a product that is made with organic ingredients that are all perceived as healthy that have less impact on the environment at a much higher price than products in the line that use standard chemical ingredients commonly

  • Vertical Versus Horizontal Line Extension Strategies

    line extension literature it is not clear whether brands are better off expanding their product lines horizontally such as offering new flavors colors sizes or scent variants of their existing products or expanding vertically such as offering qualitatively new products at different price levels

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