Brand Extension Notes: Definitions & Explanations PDF Download
Study Brand Extension lecture notes PDF with marketing definitions and explanation to study What is Brand Extension?. Study brand extension explanation with marketing terms to review marketing course for online MBA programs.
Brand Extension Definitions:
Extending an existing brand name to new product categories.
Principles of Marketing by Philip T. Kotler, Gary Armstrong
A company's use of an established brand to introduce a new product.
Principles of Marketing by Philip T. Kotler, Gary Armstrong
Brand Extension Notes:
Brand extension is also known as brand stretching, it usually works to create an established brand name for a new product. A brand extension creates reputation of a well-known product in order to launch a new product in the market. Hence, successful brand extensions often allow companies to enhance their benefits which can help to increase market share.
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