Product Line

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DEFINITION of 'Product Line'

A group of related products manufactured by a single company. For example, a cosmetic company's makeup product line might include foundation, concealer, powder, blush, eyeliner, eyeshadow, mascara and lipstick products that are all closely related. The same company might also offer more than one product line. The cosmetic company might have a special product line geared toward teenagers and another line geared toward women older than 60, in addition to its regular product line, that can be used by women of any age.

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BREAKING DOWN 'Product Line'

A good way for a company to try to expand its business is by adding to its existing product line. This is because people are more likely to purchase products from brands with which they are already familiar. For example, a frozen pizza company may wanted to increase its market share by adding frozen breadsticks and frozen pastas to its product line.

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RELATED FAQS
  1. What are some examples of Apple and Google's best-selling product lines?

    There are many good examples of product lines in the technology sector from some of the largest companies in the world, such ... Read Full Answer >>
  2. How is a product line depth related to a product line?

    A company's product line depth is the number of products in the company's product line. Product Line A product line is a ... Read Full Answer >>
  3. What are the differences between product bundling and product lines?

    The difference between product bundling and product lines is a product line is a group of related products manufactured by ... Read Full Answer >>
  4. What are some ways a company can expand its product line?

    While a company can expand its product line in many ways, there are four strategies a company should consider when expanding ... Read Full Answer >>
  5. How can you calculate the substitution effect in Excel?

    The substitution effect is a principle in economics describing how consumers respond to price changes. Generally, increasing ... Read Full Answer >>
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    Exchange-traded funds (ETFs) are popular with investors who want a reduced-risk means of investing in a sector. ETFs lower ... Read Full Answer >>
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    Investors considering the aerospace sector should carefully consider the challenges and opportunities the industry presents. ... Read Full Answer >>
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    The drugs sector is the portion of industry that develops and produces pharmaceuticals. This sector includes both major corporations ... Read Full Answer >>

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