Product proliferation may not work for certain products
Published Date: 4/20/2021
Source: phys.org
Companies that manufacture or sell products are often constrained by the amount of resources they can dedicate to one product. Many companies enact a strategy known as product proliferation, where one product is given many variations to ensure the success of said product in its market. However these companies can overlook the importance of brands to a consumers' decision to purchase, also known as brand relevance in category or BRiC.