ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is easiest for businesses to compete when their products are nearly identical to those of their competitors.
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true
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false
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -A product line extension is the use of an established product’s 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, or package sizes.
Detailed explanation-2: -Determine what products your competitors offer. At the heart of any business is its product or service, which is what makes this a good place to start. You’ll want to analyze your competitor’s complete product line and the quality of the products or services they’re offering.
There is 1 question to complete.