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Published byBernard Cole Modified over 9 years ago
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Product Mix vs. Product Line Both manufacturers and retailers must decide on width and depth of a product mix. This is done with strategies that determine a target market and an image.
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Vocabulary A product line is a group of closely related products manufactured and/or sold by a business. A product mix is a number of different types of product lines. Product width is a mix that tries to bring out lots of new products aimed at existing customers. Product depth is a mix that tries to bring out new products designed to attract new customers.
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Product Mix Can be a manufacturer’s product mix For example, Kraft sells –Oscar Meyer –Maxwell House –Kraft cheese Can be a retailer’s product mix which is made up of different types of products the store sells For example, –Name the product mix for Wal-Mart
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Manufacturer’s Product Line Kellogg’s is an example of closely- related products manufactured by a business.
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Product Line Another example of a product line would be products made by Frito-Lay. (also pictured on page 548 in the textbook)
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Retailers and Product Line Retailers usually sell more than one product line. For instance, VS
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Retailer Wolf Camera Wolf camera sells more than one product line of cameras. Pictured here are four manufacturers’ SLR 35 mm cameras. Canon Nikon Pentax Minolta
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Product Item A product item is a specific- model, brand or size of a product within a particular product line.
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BUT Remember, Dell also sells such things as printers, TVs and digital music players. This is product ____________.
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Product Width Refers to the number of different lines a business or manufacturer sells
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Product Depth Refers to the number of product items offered within each product line
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Action Look at Figure 30-1 on p. 549 Gillette’s product width includes –Razors- Writing Instruments –Toiletries- Lighters Gillette’s product depth includes pens such as Flair and Papermate Choose a manufacturer and complete a table that resembles Figure 30-1
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