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What is product mix expansion?
Product mix expansion is increasing the increasing the depth within the product l line
Is product mix and product portfolio is same?
Yes, an organisation with several product line has a product mix (or productportfolio). It consists of all the product lines and items that a particularseller offers for sale. A company's product mix has four importantdimensions:(a) Product mix width: refers to the number of different product lines the company carries.(b) Product mix length: refers to the total number of items the company carries within its product lines.(c) Product mix depth: refers to the number of versions offered of each product in the line.(d)Consistency: refers to how closely related the various product lines are in end use, production requirements, distribution channels, or other way.
How do you determine the optimal product mix?
Optimal product mix is at that point where net profit from thesales of that product mix is maximum.
What is product-policy decision?
Product Policy plays a very significant and crucial role in the product establishment and its growth in the market.The marketer has to keep mind the product policy decision while introducing a product.It acts asa tool in the hands of the marketer.It involves the four majordecisions:1. Individual Product decision-It involves decisions related to product attribute, product branding, product packaging, productlabelingand productsupportservices.2. Product Line decision: It involves decision like ProductProductline stretching and Product Line filling.3. Product Mix Decision-It involves decision like Product mix width, Product mix length, Product depth, Product consistency.4. Product Positioning Decision.
Is product part of the marketing mix?
The first element in the marketing mix is the product.
What is product mix expansion?
Product mix expansion is increasing the increasing the depth within the product l line
Which one is indicatingproduct mix depth?
More product lines
What is the concept of product mix?
the variety of product lines that a company produces, or that a retailer stocks. Product mix usually refers to the length (the number of products in the product line), breadth (the number of product lines that a company offers), depth (the different varieties of product in the product line), and consistency (the relationship between products in their final destination) of product lines. Product mix is sometimes called product assortment.
Is product mix and product portfolio is same?
Yes, an organisation with several product line has a product mix (or productportfolio). It consists of all the product lines and items that a particularseller offers for sale. A company's product mix has four importantdimensions:(a) Product mix width: refers to the number of different product lines the company carries.(b) Product mix length: refers to the total number of items the company carries within its product lines.(c) Product mix depth: refers to the number of versions offered of each product in the line.(d)Consistency: refers to how closely related the various product lines are in end use, production requirements, distribution channels, or other way.
How do you determine the optimal product mix?
Optimal product mix is at that point where net profit from thesales of that product mix is maximum.
What are the advantages of having a wide product mix?
advangage of product mix
What is product-decision policy?
Product Policy plays a very significant and crucial role in the product establishment and its growth in the market.The marketer has to keep mind the product policy decision while introducing a product.It acts asa tool in the hands of the marketer.It involves the four majordecisions:1. Individual Product decision-It involves decisions related to product attribute, product branding, product packaging, productlabelingand productsupportservices.2. Product Line decision: It involves decision like ProductProductline stretching and Product Line filling.3. Product Mix Decision-It involves decision like Product mix width, Product mix length, Product depth, Product consistency.4. Product Positioning Decision.
What is product-policy decision?
Product Policy plays a very significant and crucial role in the product establishment and its growth in the market.The marketer has to keep mind the product policy decision while introducing a product.It acts asa tool in the hands of the marketer.It involves the four majordecisions:1. Individual Product decision-It involves decisions related to product attribute, product branding, product packaging, productlabelingand productsupportservices.2. Product Line decision: It involves decision like ProductProductline stretching and Product Line filling.3. Product Mix Decision-It involves decision like Product mix width, Product mix length, Product depth, Product consistency.4. Product Positioning Decision.
What is production decisions?
Product Policy plays a very significant and crucial role in the product establishment and its growth in the market.The marketer has to keep mind the product policy decision while introducing a product.It acts asa tool in the hands of the marketer.It involves the four majordecisions:1. Individual Product decision-It involves decisions related to product attribute, product branding, product packaging, productlabelingand productsupportservices.2. Product Line decision: It involves decision like ProductProductline stretching and Product Line filling.3. Product Mix Decision-It involves decision like Product mix width, Product mix length, Product depth, Product consistency.4. Product Positioning Decision.
What is policy decision?
Product Policy plays a very significant and crucial role in the product establishment and its growth in the market.The marketer has to keep mind the product policy decision while introducing a product.It acts asa tool in the hands of the marketer.It involves the four majordecisions:1. Individual Product decision-It involves decisions related to product attribute, product branding, product packaging, productlabelingand productsupportservices.2. Product Line decision: It involves decision like ProductProductline stretching and Product Line filling.3. Product Mix Decision-It involves decision like Product mix width, Product mix length, Product depth, Product consistency.4. Product Positioning Decision.
Is product part of the marketing mix?
The first element in the marketing mix is the product.
Describe the product mix concept?
product mix consist of product variety, size, packeging, labelling etc.
