Explain the Difference Between Increasing Marginal Returns and Economies of Scale

question 430

Essay

Explain the difference between increasing marginal returns and economies of scale.

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Definitions:

New Brand

The process of creating a new identity, including name, symbols, and design, for a product or company to establish its presence in the market.

Subbranding

The strategy of creating a secondary brand within the main brand to cater to a different segment of the market or to differentiate products within the same category.

Multibranding

A marketing strategy where a company markets multiple brands within the same product category, catering to diverse customer preferences.

Family Branding

A marketing strategy where a single brand name is used for selling multiple related products.