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Marketing 2.04 Product Mix Vocabulary

AB
Product DepthThe number of items offered within each product line
ExpansionIncreasing number of product lines carried
Product WidthThe number of different product lines
PositioningPerception; actions marketers take to create a certain image of a product in the minds of the customers
ContractingNarrowing or decreasing the number of product lines carried
Product ItemSpecific model, brand, or size of a product within a line
Product LineA group of closely related products manufactured by a business
Product MixAll the type of products a company makes or sells
NarrowLimited product lines carried, typically very specialized
AlterationImprovement of an established product
DeepExtensive variety within a product line
BroadMany different lines carried
Trading Downadding a lower-priced item to a line of prestige products to encourage purchases from people who cannot afford the higher-priced product, but want the status
ShallowLimited variety within a product line
Trading UpAdding a higher-priced product to a line to attract a higher-income market and improve sales of existing lower-priced products


alison teague

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