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Product Modification

Marketing & Web Product Mix WidthProduct offer

product modification
any substantial change made to the attributes (size, shape, colour, style, price, etc.) of a product, modification of a product is usually undertaken in an attempt to revitalise it in order to increase demand ...

 


strategy employed when a brand has reached maturity and profits begin to decline; approaches to revitalisation may include one or all of market expansion, product modification or brand repositioning.

See also: Cycle, Buyer, Close, Wants, Variety