139. Refer to Alberto Culver Company. Why would the Alberto Culver Company be interested in
increasing its product depth?
to capitalize on economies of scale in production
to attract buyers with different preferences
to increase sales and profits by further segmenting the market
to capitalize on economies of scale in marketing
NARRBEGIN: Choice Homes, Inc.
Choice Homes, Inc.
Choice Homes, Inc., based in Texas, built its reputation by building high-quality new homes, often at
prices less than “used” ones. Choice Homes used mass-purchasing power, innovative high-tech
communications among employees to coordinate the building process, and other entrepreneurial
strategies to hold costs down. Its homes are primarily targeted at first-time homeowners-to-be in an
effort to get people out of apartments so they can experience the “American Dream” of home
ownership for the same price as rent. Choice Homes later developed the “Choice Classic” brand name
for higher-end homes targeted at wealthier dual-income couples. The Choice Classic name was
designed to capitalize on the reputation of Choice Homes, especially for current Choice home owners
who are ready to “move up” to a larger home. Recently, Choice Homes started a third line of homes
called “Reflections,” which are expensive, custom-designed homes located in exclusive, prestigious
neighborhoods.
NARREND
140. Refer to Choice Homes, Inc. Kurt McKinney has just received a large inheritance and wants to have
his “dream” home built. He knows exactly the architectural design he wants. He wants a particular
Reflections home. The type of consumer product he wishes to buy is best classified as a(n):
141. Refer to Choice Homes, Inc. The three different brands of homes (Choice, Choice Classic, and
Reflections) represent the firm’s:
to do all of these things