When Procter and Gamble Added a New Laundry Detergent in Asia

question 170

Multiple Choice

When Procter and Gamble added a new laundry detergent in Asia called "Panda" to its current line of laundry detergents,the Panda brand would be considered a(n) :

• A) brand extension
• B) family brand
• C) flanker brand
• D) complementary brand

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Definitions:

Unemployment Rate

The slice of the labor pool actively seeking employment but currently unemployed.

Full Production

The state where all available resources are being used efficiently to produce goods and services.

Economic Problem

The fundamental issue of limited resources to meet unlimited wants, necessitating choices and prioritization in allocation.

Wealth Of Nations

A foundational economic text written by Adam Smith, which discusses the mechanics of market economies and introduces the concept of the ‘invisible hand’.