27. _____ is the development of a product that is closely related to one or more products in a firm’s existing product
line but is designed specifically to meet somewhat different customer needs.
a. Brand extension
b. Line extension
c. Brand stretching
d. Product bundling
e. Product churning
28. Which of the following is a primary distinction between a line extension and a product modification?
a. A product modification results in a completely new product, while a line extension is simply changing an old
product.
b. Both line extension and product modification involve alteration of an existing product, but the alteration is
more dramatic with a product modification than it is with a line extension.
c. A line extension is designed to aptly meet the needs of an existing market segment, while a product
modification targets entirely new market segments.
d. With a product modification, the original product is replaced in the product line, while with a line extension,
the original product remains intact in the product line.
e. A line extension consists of strictly aesthetic changes to an existing product, whereas a product modification
consists of changes in quality and functionality.