A product line strategy where in a company adds a higher priced product to a line, in order to attract a broader market which helps the sale of its existing lower priced products is called
A. trading up
B. trading down
C. life cycle extension
D. product line extension
Answer: Option D
Related Questions on Marketing Management
Launching a product in a small part of the market is called:
A. Competitive response
B. Competitive analysis
C. Test marketing
D. None of these
A. Product
B. Selling
C. Customer
D. Production
Markets which are organized and regulated by statutory measure are:
A. Regulated markets
B. Unregulated markets
C. World market
D. None of these
A. Innovators
B. Late majority
C. Early majority
D. Late adopters

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