Question
What is Bill Carmody's definitive guide to managing product mix strategies?
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Bill Carmodydefinitive guidemanaging product mixstrategies
Answer
From Bill Carmody0 votes
Bill’s definitive guide to managing product mix strategies has two parts: the four dimensions and the four core strategies.
The four dimensions of product mix:
- Width – How many product lines you offer
- Length – Total number of products across all lines
- Depth – Variations within a single line (sizes, tiers, formats)
- Consistency – How related the different lines are to each other
The four core product mix strategies:
- Expansion
- Contraction
- Change an existing product
- Product differentiation
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