Category Extension Notes: Definitions & Explanations PDF Download
Study Category Extension lecture notes PDF with marketing definitions and explanation to study What is Category Extension?. Study category extension explanation with marketing terms to review marketing course for online MBA programs.
Category Extension Definition:
Using the parent brand to brand a new product outside the product category currently served by the parent brand.
Principles of Marketing by Philip T. Kotler, Gary Armstrong
Category Extension Notes:
It is a marketing strategy in which company uses the same product to enter into a completely unrelated product market. The company takes advantage of an existing brand, in order to introduce a new product in the market, which a buyer can relate. It is usually comprises upon eight different brand extension strategies in the market.
Keep Learning with Marketing Notes
What is Shopping Goods?
Shopping merchandise are those buyer products which the client all the while or choice and buy naturally looks at on ...
What is Service Profit Chain?
Perishability of administrations infers that administration limit can't be put away, spared, returned, or exchanged once rendered to a client. ...
What are Objectives and issues?
Showcasing plans are composed records that help you impart your promoting endeavors for the next year. The destinations and issues ...
What is Brand Dilution?
It happens when brand losses its position from overuse. This situation appears when a product gets unsuccessful in fulfilling the ...
What is Loyalty?
Devotion showcasing is a way to deal with advertising, in light of vital administration, in which an organization centers around ...
What is Competitor-Centered Company?
Competitor centered company plan strategies according to their competitors in the market. Sometimes, it can be an edge for the ...