Examlex
Deoxyribonucleic acid is otherwise known as DNA.
Product Line
A group of product or service items that are closely related because they satisfy a class of needs, are used together, are sold to the same customer group, are distributed through the same outlets, or fall within a given price range.
Cannibalization
A business strategy where a new product eats into the sales of a company's existing products.
New Product
A new product refers to an item or service that has been recently developed and introduced to the market, offering unique benefits or improvements over existing products.
Retail Chain
A series of retail stores owned and operated by the same company, offering a uniform merchandise set to the public.
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