Buy custom When Launching A New Product, It Is Better To Pursue A Brand Extension Strategy, Than To Develop A New Brand
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Business
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Number of pages / Number of words: |
4 / 915 |
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It has successfully extended the original product - cigarettes, into clothing and even male accessories. In these cases, they show that it is more likely to launch a new product under the existing brand which consumers is familiar with. As consumers normally have high expectation of the sub-brand products or services, so can also reduce the risk perceived by customers...
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In these cases, they show that it is more likely to launch a new product under the existing brand which consumers is familiar with. As consumers normally have high expectation of the sub-brand products or services, so can also reduce the risk perceived by customers. Also, it can even improve both the parent and sub-brand image and if the company provide good quality of products and services,
Moreover, brand extension is a way to identify the growth opportunities and profitability...
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