Line Stretching Notes: Definitions & Explanations PDF Download
Study Line Stretching lecture notes PDF with marketing definitions and explanation to study What is Line Stretching?. Study line stretching explanation with marketing terms to review marketing course for online MBA programs.
Line Stretching Definition:
A company lengthens its product line beyond its current range.
Principles of Marketing by Philip T. Kotler, Gary Armstrong
Line Stretching Notes:
Line extending is a growing system by an organization where the new items are propelled in a similar product offering however past the present item run with some extra or various highlights. Line extending should be possible down market, up market or the two different ways. An organization may stretch down market when it sees solid development openings in worth estimated products or if there is a danger of an assault by a low end contender yet it likewise includes a great deal of hazard. An organization may stretch up market for higher edges or more development. In any case, they might not have any desire to convey a similar name when they extend upwards. At the point when the organization extends in both the bearings. For instance: Texas Instruments propelled number crunches in both upper and lower extend.
Keep Learning with Marketing Notes
What is Service Inseparability?
Administration connection is considered as a significant property that fundamentally expresses that the administrations are created and devoured simultaneously period ...
What is Marketing Concept?
This idea holds that the association's undertaking is to decide the requirements, needs, and premiums of objective markets and to ...
What is Mission Statement?
A methodology seen by administrative market analysts that expands benefits for business is blended packaging. Blended packaging enables clients to ...
What is Category Killer?
Category killer is a sort of retail store that has rich items in its product category.It depends; either it could ...
What is Company Sales Forecast?
Sales forecast is a phenomenon of calculating future sales of the company. These futuristic decisions enable companies to make better ...
What is Irregular Demand?
Unpredictable interest can be request which isn't reliable and the best case of unpredictable interest is regular items like umbrellas, ...