Question: QUESTION 9 Trading up refers to adding product features but reducing the price. changing the distribution channel members to higher - service - quality retailers.
QUESTION
Trading up refers to
adding product features but reducing the price.
changing the distribution channel members to higherservicequality retailers.
adding value to the product or line through additional features or higherquality materials.
reallocating marketing resources from a poorperforming target market to one that demonstrates greater potential for future growth.
offering consumers a discount when they purchase a more expensive version of the product.
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