When a Parent Brand Covers a New Product Within a Product

question 138

True/False

When a parent brand covers a new product within a product category it currently serves, it is called a line extension.

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Definitions:

Wages

Payments made to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.

Fiber Optic Cable

A technology that uses glass or plastic fibers to transmit data at high speeds and volumes with minimal loss, used in telecommunications and network infrastructures.

Map Coordinate

A set of numbers that identifies the precise location of a point on a map, often represented in latitude and longitude.