Regardless of the Type of Business,all Businesses Need to Generate

question 67

True/False

Regardless of the type of business,all businesses need to generate revenue.

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Definitions:

Product Line Extension

The addition of new products to an existing product line, usually closely related to one or more of the existing products, aimed at capturing a wider segment of the market.

Advertising Costs

Refers to the expenses incurred by a company to promote its products or services through various media channels such as television, radio, digital platforms, etc.

Clorox Co.

A global company specializing in consumer and professional products in the cleaning, household, and lifestyle sectors.

Family Branding

A marketing strategy where a single brand name is used for selling multiple related products, leveraging brand equity to promote new products.