Marketing Question:
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If Honda uses its company name to cover such different products as its automobiles, lawn mowers, and motorcycles, it is practicing which of the following strategies?

Marketing Interview Question
Marketing Interview Question

Answer:

* a) New brand strategy
* b) Line extension strategy
* c) Multi-brand strategy
* d) Brand extension strategy

Answer d

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Technological advances, shifts in consumer tastes, and increased competition, all of which reduce demand for a product are typical of which stage in the PLC.The process that turns marketing strategies and plans into marketing actions in order to accomplish strategic marketing objectives is called: