Line Extensions Are Less Common Than Other New Products Because

question 57

True/False

Line extensions are less common than other new products because line extensions are more expensive and more risky.

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Definitions:

Consolidated Omnibus Reconciliation Act

A federal law that provides for the continuation of group health coverage under certain circumstances such as job loss or divorce.

Medical Benefits

Health care services and products provided to individuals, usually through insurance plans, to cover or offset health care costs.

Consolidated Omnibus Budget Reconciliation Act

A federal law in the United States that provides for continued health insurance coverage for individuals after employment termination.

Employee Income Security Act

A federal law designed to protect employees' retirement incomes and provide regulations for health and pension plans in the private industry.