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3.2 Position venture/product to acquire desired business ima
N/A
25
Business
12th Grade
04/26/2013

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Term
Product naming
Definition
is the discipline of deciding what a product will be called product mix
Term
Brand
Definition
is the "name, term, design, symbol. or any other feature that identifies one seller's good or service as distinct from those of other sellers. product item
Term
Product lining
Definition
is the marketing strategy of offering several related products for sale as individual units.
Term
Product bundling
Definition
is where several products are combined into one group, which is then offered for sale as a unit, product lining involves offering the products for separately.
Term
Category
Definition
is the broad spectrum of products a comparison has to offer product line width
Term
Sub-category
Definition
is the categories within the categories
Term
Line depth
Definition
refers to the number of subcategories a category...
Term
Line consistency
Definition
refers to how closely relate the products that name up the line are.
Term
Line vulnerability
Definition
refers to the percentage of sales or profits that are derived from only a few products in the line.
Term
Width of product mix
Definition
The number of different categories of a company.
Term
Length of product mix
Definition
The total number of products sold in all lines.
Term
Family branding
Definition
when a line of products is sold with the same brand name.
Term
Product line extension
Definition
when you add a new produt to a line.
Term
SKU - Stock Keeping Unit
Definition
When you have a single sale able item distinguishable by size, appearance, prize or some other attribute in your product line, it is called.
Term
Image anchors
Definition
are highly promoted products within a line that define the image of the whole line.
Term
Line filling
Definition
When you add a new product within the current range of an incomplete line.
Term
Trading up
Definition
or brand leveraging or Up-Market Stretch is when you add a line extension that is of better quality than the other products in the line.
Term
Trading down
Definition
or Down-Market Stretch is when you add aline extension that is of lower quality than the other products of the line.
Term
Two-Way Stretch
Definition
When you stretch the line in both the directions.
Term
Product line Contraction
Definition
When you discontinue a product from a line.
Term
Product line positioning
Definition
is the process by which marketers try to create an image or identity in the minds of their target market for its product.
Term
Narrow product mix
Definition
few categories of products in the marketing mix.
Term
Broad product mix
Definition
many different categories of products in the marketing mix.
Term
Shallow product mix
Definition
only a few subcategories in the product category.
Term
Deep Product mix
Definition
many subcategories in the product category.
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