Now you have a fair idea on what is a product mix. In product you have to define the structural dimensions of breadth (or width) and depth.
Breadth & Depth
Now you have a fair idea on what
is a product mix. In product you have to define the structural dimensions of
breadth (or width) and depth. Breadth refers to the number of different product
lines. Depth refers to the number of product items within each line. A firm can
expand its product mix by increasing the number of product lines or
the depth within one or more product lines.
HLL expanded in breadth when it entered the agro-chemical business. It
expanded in depth when it bought TOMCO a soaps and detergents company.
Tags : MARKETING MANAGEMENT - Product Mix Decisions
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