PRODUCT LINE Meaning and
Definition
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Product line refers to a group or assortment of related products that a company offers to its customers. It encompasses a range of items or merchandise that share common characteristics or serve similar functions. A product line is essentially a collection of products that form a cohesive portfolio within a particular industry or market.
A product line is developed by a company to cater to various customer needs and preferences. It involves the systematic creation and marketing of different versions, variations, or types of products under a single brand or company name. These products may belong to the same category or may be related in terms of features, target audience, or distribution channels.
The purpose of creating a product line is to provide customers with a diverse range of options or offerings that suit their individual requirements. By offering a variety of products, companies can capture a larger market share and cater to a broader audience. Moreover, a well-designed product line can effectively address various customer segments, price points, and product specifications, thereby maximizing the chances of satisfying customer demands and generating higher revenue.
Companies often manage their product line by introducing new products, modifying existing ones, or eliminating outdated or underperforming items. This requires careful market analysis, product development, and strategic decision-making to ensure that the product line remains competitive and aligned with customer expectations. Overall, a product line is a vital business strategy that helps companies enhance their market presence, meet customer needs, and drive overall growth and profitability.
Top Common Misspellings for PRODUCT LINE *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for PRODUCT LINE
- oroduct line
- lroduct line
- -roduct line
- 0roduct line
- peoduct line
- pdoduct line
- pfoduct line
- ptoduct line
- p5oduct line
- p4oduct line
- priduct line
- prkduct line
- prlduct line
- prpduct line
- pr0duct line
- pr9duct line
- prosuct line
- proxuct line
- procuct line
Etymology of PRODUCT LINE
The word "product" is derived from the Latin word "productus", which is the past participle of the verb "producere". "Producere" is a combination of "pro" (meaning forward) and "ducere" (meaning to lead or bring forth). Thus, "product" originally meant "brought forth" or "created".
The term "line" comes from the Old English word "līne", which can be traced back to the Proto-Germanic word "*linǭ". It refers to a stretched string or rope, and it is connected to the Proto-Indo-European root "*le(n)g-" which means "to lengthen" or "to extend".
When combined, "product line" refers to a range of related or similar products that have been created or brought forth by a company or manufacturer.
Similar spelling words for PRODUCT LINE
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