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
Question
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
Solution
The primary reason for a company to decide on product line filling is to fend off competitors entering the market. This strategy involves adding more items within the present range of the product line to protect the market niche of the company, improve market share, and increase the profitability of the company. By offering a wider range of products, the company can satisfy varying customer needs and preferences, making it harder for competitors to gain a foothold in the market.
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