Product Line Extensions: How to Test Them Before Investing in Inventory
How to Test Product Line Extensions Before Investing in Inventory
A product line extension is the use of an established product brand name for a new item in the same product category. Line extensions occur when a company introduces additional items in the same product category under the same brand name such as new flavors, forms, colors, added ingredients, package sizes. In the last ten years, products have proliferated in every category of consumer goods and services, and the deluge shows few signs of letting up.Most companies are pursuing product-expansion strategies in particular, line extensions full steam ahead.