Small-Batch Technology Has a Higher Level of Technical Complexity Than

question 51

True/False

Small-batch technology has a higher level of technical complexity than large-batch technology.

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Definitions:

Line Extension

is a marketing strategy where a company introduces additional items in the same product category under the same brand name, often with new flavors, forms, colors, sizes, or other characteristics.

Brand Equity

is the value and strength a brand possesses, stemming from consumers' perceptions, recognition, and loyalty.

Category Extension

When a brand expands its existing product line into new categories to reach new markets or segments, leveraging its brand equity.

Resource Use

The manner in which resources are utilized and managed within a system, be it in business operations, environmental contexts, or economic activities.