Which of the following most accurately describes a brand extension?

A) a new product that combines the power of two or more brand names
B) a new product sold under an established brand name
C) a new product added to the lower end of a product mix
D) a new product added to the higher end of a product mix
E) a new product line added to a product mix


B

Business

You might also like to view...

A company wants to persuade a customer to buy its products. If the consumer has a high degree of involvement with products that are sold by the company, what route to persuasion will the company most likely take?

A) A parallel route B) A peripheral route C) A circular route D) A central route

Business

Marketing communications in almost every medium and form have been on the rise, and some consumers feel they are increasingly invasive

Indicate whether the statement is true or false

Business

A cost is classified as an overhead cost if it is not directly traceable to an end product or a cost object

Indicate whether the statement is true or false

Business

GameStop sells only video games and systems, offering a narrow product line with a deep assortment within that line. GameStop is a(n) ________

A) department store B) convenience store C) category killer D) specialty store E) off-price retailer

Business