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 Prospect Theory?
Prospect hypothesis expect that misfortunes and additions are esteemed in an unexpected way, and in this manner people settle on ...
What is Customer Mailing List?
Having an authentic mailing list of existing customers is a great opportunity for the company. It can be used in ...
What is Individual Marketing?
At the point when the economy contracts and shoppers spare more and spend less, movement in this area drops since ...
What is Gender Segmentation?
Organizations (particularly SaaS items) based after making customer centered administrations and items are frequently ailing in customized encounters and substance. ...
What is Idea Generation?
Compose a client needs rundown dependent on the data you assemble from the sources recognized beneath. You should attempt to ...
What is Customer Satisfaction?
Customer satisfaction is a widely used terminology in the marketing world. Is it usually used to gather information about their ...