n response to increased consumer demand for healthy beverages, companies like Coca-Cola and Pepsi introduced new product lines like fruit juice to __________ their product mix.Multiple Choiceincrease the depth ofdecrease the depth ofincrease the breadth ofdecrease the breadth ofconsolidate
Question
n response to increased consumer demand for healthy beverages, companies like Coca-Cola and Pepsi introduced new product lines like fruit juice to __________ their product mix.Multiple Choiceincrease the depth ofdecrease the depth ofincrease the breadth ofdecrease the breadth ofconsolidate
Solution
The correct answer is "increase the breadth of".
Explanation: In marketing, the term "product mix" refers to the total number of product lines a company offers to its customers. The breadth of a product mix refers to the variety of product lines that a company offers. So, when Coca-Cola and Pepsi introduced new product lines like fruit juice, they were increasing the variety of their product offerings, hence they were increasing the breadth of their product mix.
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