Which strategy would most likely be used when sales are declining in a specific product line? Product line modernizing Product line filling Product line pruning Product line extending

What is the primary reason for a company to decide on product line filling? To fend off competitors entering the market To target a completely new market To drastically increase product prices To diversify the company's operations

A Company can expand its product line in which way?Select one:a.product mixb.line mixingc.internal marketingd.line filling

In the _____ stage, product sales have leveled off and profits are beginning to decrease.DeclineProduct developmentMaturityGrowth

Rationing by long lines isa.inefficient, because it wastes buyers’ time.b.only necessary if price ceilings are not binding.c.efficient, because those who are willing to wait the longest get the goods.d.the only way scarce goods can be rationed.

Suggest possible ways to extend the product life cycle of the following products. State whichextension strategy you would use for each product, and explain why you think it would besuccessful in boosting sales.a. A chocolate bar which has been sold for many years in the same packaging and has hadthe same brand image. There are several competitors’ brands of chocolate bars also sold inthe market and sales have stabilized.