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An extension strategy is a marketing approach aimed at prolonging the life cycle of a product or service by finding new uses, markets, or audiences for it. This can involve rebranding, introducing variations, or enhancing features to attract different customer segments. The goal is to sustain sales and profitability when the original market is becoming saturated or declining. Overall, extension strategies help businesses maximize the potential of existing offerings.
What else can I help you with?
What is stand-alone strategy?
what is a standalone strategy
What is different strategy?
sales
Is outsourcing is a corporate strategy?
Outsourcing is a strategy to cut down cost and get more work for less, no matter how big or small your business is.
What is the business strategy of Harvey Norman?
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What is extender strategy?
The extender strategy is when a firm expands into foreign markets that are similar to their current market. They use strategies that are currently successful to expand the business.
What brand extensions does Disney brand have?
The Disney brand has the brand extension called the Line Extension Strategy.
What is product extension communication adaptation?
It is extending the product line and length and designing the promotional strategy like wise.
What is functional extension?
Functional extension refers to the ability to add new functionality to a software system without modifying the existing codebase. This can be achieved through techniques like using plugins, hooks, or design patterns such as the Strategy pattern. Functional extension allows for greater flexibility and scalability in a software system.
What does the straight extension adaptation strategy of international marketing entail?
the same product is marketed to all countries (a "world" product), except for labeling and language used in the product manuals. The assumption behind this strategy is that consumer needs are essentially the same
What is the definition of 'brand extension'?
A brand extension is the use of an established brand name on a new product to help increase sales on the new product. An example of a brand extension would be Jello gelatin creating Jello pudding pops or Bic, known for making pens also making shaving razors.
What is the file extension .pun software?
What is the file extension What is the file extension
How can strategy affect strategy?
if your strategy is affecting strategy itself then the strategy is not worth implementing
What is sensory extension?
sensory extension
What is the extension of indian website?
the extension is .in
hair extension?
hair extension
Is there an unemployment extension in NJ?
unemployment is about run out. how do I apply for an extension.
Extension Cord?
form_title= Extension Cord form_header= Install extension cords in your office. What size extension cord do you need?*= _ [50] What color extension cord do you need?*= _ [50] Do you need a 3 prong extension cord?*= () Yes () No
