How Can a Firm Increase the Life of a Product

question 23

Multiple Choice

How can a firm increase the life of a product without involving product changes?

• A) Product extension
• B) Product adaption
• C) Rebranding
• D) New product placement
• E) Reintroduction

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Definitions:

Scrap Material

Leftover, unused, or residual material from manufacturing processes or used products, often recycled or sold to reclaim value.

Segregated

Separation into distinct groups, often based on characteristics such as race, gender, or religion.

Alloy

A metallic substance made by combining two or more elements, one of which must be a metal, to enhance strength, durability, or other properties.

Type

A category or class that shares common characteristics or attributes.