What are some reasons a firm might determine itshould expand a product line? What are some reasonsfor contracting a product line? Why do many firmshave a product mix strategy?

Q: what is the framework you would follow for your product ?.

A: Following are the framework I used to follow for my product: User insights: You need a deep…

Q: During which stage or stages are productslikely to attract the most new customers?

A: In the growth stage, the market grows, competition intensifies, sales rise, and the number of…

Q: What are the merits of product -line extension ?

A: A product line extension is a marketing strategy that uses an established brand to introduce a new…

Q: . How does an organization’s product mix relate to itsdevelopment of a product line? When should an…

A: A product mix refers to the quantity of a single product or service, that firm can offer and also;…

Q: Compare the brand architectures “House of Brands” versus  a “Branded House” and advise which one…

A: Please find the answer below.BRAND:A brand is a good, service, or idea that is publicly set apart…

Q: Explain How can companies effectively manage brand partnerships and collaborations to enhance brand…

A: In today's highly competitive marketplace, companies are increasingly recognizing the value of brand…

Q: Explain what are the 6 criterie mentioned most often when selecting a good company brand name?

A: A brand name is common noun applied by the company to a particular product or service. It is one of…

Q: 1) What are the benefits of Visual Branding and how can this be beneficial in the tourism industry?

A: Visual branding - It is a marketing strategy to represent or promote a business. It is a branding…

Q: Briefly describe how L.L.Bean achieved each of the objectivesfor developing a product line. Why do…

A: A product line is a collection of interrelated goods sold by the same firm under a single brand…

Q: What are some shortcomings of the product life-cycle theory in today's trading climate?

A: The product life cycle is a well-known and crucial concept in the world of marketing that describes…

Q: vertically

A: Talking about sub Branding then, sub Branding allows the business to taregtw it's existing customer…

Q: How do mergers and acquisitions impact a company's brand architecture strategy, and what are some…

A: Introduction :- Brand architecture strategy refers to the way a company organizes and structures its…

Q: Why line extensions are more common than new products?

A: Product- It is any item or service that a company sell to serve their customer's needs and wants.…

Q: When compared to similar products, what sets Sqoop apart?

A: INTRODUCTION -  Sqoop is an open-source data integration tool that allows users to transfer data…

Q: How does an organization’s product mix relate to its development of a product line? When should an…

A: The product mix and product line of the organization are closely related to each other. Many…

Q: can product entity can be generalization?

A: The concept of generalization is associated with several types of entities known as superclass and…

Q: What is sponsorship?

A: Company- It's a Business Organization that sells goods and services for customers to earn a profit.…

Q: What considerations must the firm have contemplated in terms of three (3) key likely      advantages…

A: Brand Marketing Is The Most Effective Way To Increase Your Competitiveness. Perhaps the most…

Q: What product line/product mix strategies should we use?

A: Product Mix- The total number of the product line and individual product and service offered by a…

Q: Understand the importanceand types of productinnovations

A: Product Innovation does not always mean developing a brand new product which can address a…

Q: What is the difference between product depth and product breadth?

A: A product is an item or commodity that is sold to the customers to fulfil their expectations and…

Q: what does the Target Audience/Segment, Distribution Strategy and promotion  strategies mean when…

A: A strategic marketing plan is a proper record that manages your group's marketing endeavors…

Buying

Buying is the activity that involves acquiring something of value in exchange for an asset. The acquisition could be goods or/and services. During the buying process, the exchange of value takes place between two or more parties. For instance, if you are offered a present from your relative, it can not be termed “buying” as value exchange is only from one side. Therefore, any form of gifting is not considered buying. The most common medium of exchange to facilitate buying is currency.