Examlex
Which of the following items is an example of brand extension?
Consumer Taste
The preferences and expectations of consumers regarding products and services, which can influence their buying behavior.
Price Ceilings
A government-imposed limit on the price charged for a product to prevent prices from rising to a certain level above equilibrium.
Price Floors
Government or regulatory-set minimum prices for goods or services, aimed at preventing prices from falling too low.
Price
The cost involved in purchasing a specific good or service.
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