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2 9 . The types of products a company decides to sell is a core part of strategic decision making. However, there are costs attached
The types of products a company decides to sell is a core part of strategic decision making. However, there are costs attached to creating and selling products, so the extent of a company's product range has a high impact on its overall profitability. One way a company can extend its product range is by creating variants of its existing products.
Which of the statements below are good strategic reasons to offer specific product variants?
A Product variants are introduced to replace ageing products
B Closing gaps in the product range can block out opportunities for new competitors
C Product variants have to attain high profit margins as they will take away sales of the core product in the range
D Product variants can be used to test new marketing ideas
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