So, What Are The Dimensions of The Product Mix?
- Width. The width (or breadth) of a product line refers to the total number of product lines provided by a company.
- Length. The length of the product mix is the total number of products that the company is providing to the customers.
- Depth. The depth of a product mix refers to the total number of variations of every...
What are the four dimensions of product mix?
What Is Product Mix?
- Width. The width of the mix refers to the number of product lines the company has to offer. ...
- Length. The length of the product mix refers to the total number of products in the mix. ...
- Depth. The depth of the product mix refers to the total number of products within a product line. ...
- Consistency. ...
How to determine an optimal product mix?
- Target cell. Our goal is to maximize profit (computed in cell D12).
- Changing cells. The number of pounds produced of each product (listed in the cell range D2:I2)
- Constraints. We have the following constraints: Do not use more labor or raw material than is available. ...
What is depth of a product mix?
Market introduction is a very important section that shed lights on market dynamics, supply chain, profit margin, Porter’s Five Forces Model, PESTEL analysis, and market strategies. Market dynamics are a mix of drivers, restraints, challenges, and opportunities present in the Thermal Imaging Equipment market.
How is a product mix selected?
Where length and width were a function of the number of product lines, the depth of the product mix is the total number of products within a product line. Thus if a company has 4 product lines and 10 products in each product line, than the product mix depth is 10.
What are the dimensions of a product mix Explain with examples?
The length of the product mix is the total number of products that the company is providing to the customers. For instance, if a company has four product lines, and has five products within each product line, then the length of the mix would be 20 (5*4).
What are product mix dimensions Mcq?
What are product mix dimensions? (1) Number of different product lines in the mix. (2) Total number of items carried in each product line. (3) Number of versions offered of each product in a product line.
How will you differentiate the different dimensions of product mix?
Four important dimensions of a product mix can be identified. These are: width, length, depth, and consistency. The first of the product mix decisions refers to the product mix width. The width is all about the number of different product lines the company carries.
What are the elements of product mix?
The product mix incorporates four normal components: Length, depth, breadth, and consistency.
What is a product mix?
A product mix is the total number of product lines and individual products or services offered by a company. Additionally referred to as product assortment or product portfolio. Product mixes vary from company to company. Some have multiple product lines with lots of products in each line.
What are the 7ps of marketing mix?
It's called the seven Ps of marketing and includes product, price, promotion, place, people, process, and physical evidence.
Why is product dimension important?
The core product dimension is an exceptionally important dimension within the product-planning framework. By way of definition, the core product conveys the underlying benefit(s), which consumers and business users are actually seeking from every product they buy.
What are the three components of the product mix?
It refers to number of products and items a particular producer offers to the market....Level Packaging:Primary Package: It refers the immediate packing of product. ... Secondary Package: ... Transportation Packaging:
What are the 5 product mix strategies?
Five product mix pricing situationsProduct line pricing – the products in the product line.Optional product pricing – optional or accessory products.Captive product pricing - complementary products.By-product pricing – by-products.Product bundle pricing – several products.
What are the types of product mix?
6 types of Product Mix pricing to push products in the marketLet us discuss each type of product mix pricing in detail.1) Product line pricing.2) Optional feature pricing.3) Captive product pricing.4) Two part pricing.5) By Product pricing.6) Product bundling pricing.
What is product mix depth?
The depth of the product mix refers to how many varieties are offered of each product in. the line.
Well, What is Product Mix?
Also known as ‘product assortment’ and ‘product portfolio’, the product mix refers to the total number of goods and services a seller in the market offers to consumers.
But, What Exactly Is The Difference Between a Product Line & Product Mix?
See, a product mix is a group of everything that’s offered by a company. Whereas, a product line is a subset of the product mix. It refers to one line of similar products that are sold by a company.
Okay! Now, Why Is a Product Mix So Important?
The product mix has a profound impact on your company’s brand image. With a larger product mix, you will be able to meet the demands of different consumers and target markets.
So, What Are The Dimensions of The Product Mix?
The width (or breadth) of a product line refers to the total number of product lines provided by a company. Wider the width, the more types of products are offered by the company.
Got it! Can You Give Some Solid Examples of Product Mix?
To make everything simpler, let’s assume that Coca-Cola only has two product lines – juice and soft drinks. Under juices, Coca-Cola offers four flavors – Mango, Orange, Mixed Fruit, and Guava. Under soft drinks, the company offers Diet Coke, Fanta, Coke Zero, and Sprite.
Wrapping Up
A product mix gives you the ability to meet different consumer demands and diversify risk. It even allows you to meet the needs of your existing customers in a much better way.
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What is product mix?
In other words, the product mix is the number of product lines a firm has under its umbrella. Moreover, this concept belongs to the Marketing stream. There could be one or more product under a product line.
What is the length of a product?
The length refers to the products in a product mix. For instance, if a company has 4 product lines, and under each product line it has four products each, then the length of the company’s product is 16.
How many product lines does Coca Cola have?
The number of product lines that a firm has suggested is what is called as the width of a product mix. For example, If Coca-Cola sells only juices and soft drinks, it means it has two product lines. And, if it also sells mineral water, it would mean it has three product lines.
Why is it important to understand the product mix of a company?
Understanding the product mix of a company is essential to study and analyze its brand image. A company with more product width and depth is seen as more diversified. More diversification means less risk as the company lowers its dependence on one product or product line.
What does it mean when a new company starts with fewer products but tries to achieve a higher level of
As said above, a new company starts with fewer products but tries to achieve a higher level of consistency. As it moves along, or as it grows, it makes efforts to enter new markets, come up with new products, and offer unique products. Additionally, they try to come up with products of superior or lower quality to provide more choices to the customers.
What are the dimensions of a product mix?
Four important dimensions of a product mix can be identified. These are: width, length, depth, and consistency . The first of the product mix decisions refers to the product mix width. The width is all about the number of different product lines the company carries. As mentioned in the previous example, Colgate has 3 product lines.
What is product mix?
The product mix, also called product portfolio, is the set of all product lines and items that a company offers for sale. For instance, the product mix of Colgate consists of three product lines: oral care, personal care and pet nutrition. Each of these product lines, in turn, consists of several sub-lines. A vehicle manufacturer may have two ...
How to increase product mix?
4 Ways to increase business with Product Mix Decisions 1 Add new product lines: widen the product mix. New lines benefit from and build on the company’s reputation in its other lines. 2 Lengthen the existing product lines. More items in the product lines may result in a more full-line company. 3 Add more versions of each product: Deepen the product mix. 4 Make product lines more consistent (or less). This depends on whether the company wants to have a strong reputation in a single field or in several fields of business.
What are the two product lines of a car?
Each of these product lines, in turn, consists of several sub-lines. A vehicle manufacturer may have two product lines: motorbikes and cars . Product mix decisions need to be taken for the whole product mix and affect each line. The Product Mix – Product Mix Decisions.
Does the vehicle manufacturer have a consistent product mix?
The vehicle manufacturer also has a relatively consistent product mix, since both product lines contain consumer-vehicles, can be sold in the same way etc. Certainly, these four product mix decisions are interrelated.
Should product mix decisions be taken more than once?
Therefore, the right product mix decisions should be taken, in line with customer needs. Since customer needs may change rapidly, product mix decisions need to be taken more than once at the beginning – product mix decisions are part of an ongoing process.
What is the length of a product mix?
The length of the product mix means total number of products within the company product lines. For example, if a company has 10 product lines and each line has 3 products, then length is (10×3) = 30.
What does width mean in product mix?
Width – Number of Product lines . Width or breath of the product mix means the total number of product lines that a company offers to sell. For instance, if a company offers milk and yogurts, it indicates that it has two lines.
Why is product mix important?
The product mix is an essential element of the marketing mix because the other elements will work if there is a product or service to offer in the market. It is known as the central part of all marketing activities.
What is a product?
A product is anything that is offered to a market to satisfy customer wants and needs. The product includes both tangible and intangible items available for sale in the market. A company sells a variety of products at a time. For example, PepsiCo sells hundred of products under the product lines of beverages, food, and nutritional products.
What does it mean to have more product variation?
The more product variation means less product consistency. For example, a dairy company has two product lines milk and yogurt. Both lines have the same users and distribution channels. Due to low product variation and high product mix consistency.
What are the dimensions of product mix?
Dimensions of product mix can be discussed under four headings: 1. Width of Product Mix. The width of the product mix for a marketing company is measured by the number of product lines carried by the company. 2. Depth of Product Mix. Depth of product mix indicates the total number of products in each product line.
What is product mix?
The product mix is the full list of all product offered for sale by a company. The structure of the product mix has two dimensions – breadth and depth. Therefore, it is clear that total products in different product line the product mix of a marketing company.
What factors play an important role in the determination of the product mix of a company?
The following factors play an important role in the determination of the product mix of a company: Technological development has forced marketing companies to change their product mix. The input of research and development also plays a vital role in the change of the existing product mix.
What is product mix strategy?
Product mix strategies include positioning of the product, product mix expand and product mix construction. The positioning of the product strategy includes: 1. Positioning in Relation to a Product Class. This strategy means Associating its products with a product class.
How does product mix affect marketing?
The product mix is also affected by the long term objectives of the marketing company. In due course of time, the company will add new products to its existing product lines according to its plans. Competition is also an important factor which affects product mix.
Is lack of required products in product lines harmful?
Lack of required products in product lines as well as unnecessary product in product lines, both are harmful to a marketing company. The current product mix is said to be optimal if no adjustment would enhance the company’s chances of achieving its objectives. Therefore, the determination of the optimum product mix is a continuous exercise for ...
Pepsi Product Mix example
In case you don’t know, PepsiCo is a big company that owns different brands, not only the famous Pepsi beverage.
1. Improving your margins with a proper Product Mix
Sometimes, companies don’t get their margins from the product they advertise but from the products next to it.
2. Attracting new customers with Product Mix
Normally, as soon as you have a successful product on the market, your customers will start being well defined.
3. Diversified Income sources with Product mix
As you may already know, it is better to have multiple income sources rather than a single one.
What are the dimensions of a product mix?
Dimensions of a Product Mix. 1. Width. Width or breadth, that refers to the number of product lines which is offered by a company to its customers. 2. Length. The length refers to the total number of products in a firm’s product mix strategy. 3. Depth.
What is product mix?
Product Mix, another name as Product Assortment, refers to a number of products that a company offers to its customers. For example, a company might sell multiple lines of products, with the product lines being fairly similar, such as toothpaste, toothbrush, or mouthwash, and also other such toiletries. All these are under the same brand umbrella.
How does marketing mix influence each other?
Ans. The elements present in a marketing mix influence each other. They make up the business plan for a company that is handled right , this can give it great success. Also, this can be handled wrong and the business could take years to recover. The marketing mix for a business to grow needs a lot of understanding, requires market research and consultation with several other people, from users to trade to manufacturing and several others who are connected with the company.
What is marketing mix?
Marketing Mix Definition. A marketing mix includes various areas of focus as a comprehensive part of the market plan. The marketing mix is best defined as a common classification that begins with the four Ps: Product. Price.
What are some examples of product mixes?
Example of a Product Mix. A popular and classic example of Product Mix is of the brand Coca-Cola. For simplicity, let us assume that Coca-Cola oversees only two product lines that are soft drinks and juice (Minute Maid). The Products that are classified as soft drinks are Coca-Cola, Fanta, Sprite, Diet Coke, Coke Zero, ...
What are the products that are classified as soft drinks?
The Products that are classified as soft drinks are Coca-Cola, Fanta, Sprite, Diet Coke, Coke Zero, and the products that are classified as Minute Maid juice are Guava, Orange, Mango, and Mixed Fruit. The product mix or the consistency of Coca-Cola would be high, as all the products within the product line fall under this beverage.
Is Coca Cola a high consistency product?
The product mix or the consistency of Coca-Cola would be high, as all the products within the product line fall under this beverage. In addition, these production and distribution channels remain similar for each of these products. The product mix of Coca-Cola in the example is illustrated as follows:

Well, What Is Product Mix?
But, What Exactly Is The Difference Between A Product Line & Product Mix?
- See, a product mix is a group of everything that’s offered by a company. Whereas, a product line is a subset of the product mix. It refers to one line of similar products that are sold by a company. Basically, products within a product line would have nearly similar functions, benefits, target audience, and distribution channels. A product mix is the combined total of all these product line…
Okay! Now, Why Is A Product Mix So Important?
- The product mix has a profound impact on your company’s brand image. With a larger product mix, you will be able to meet the demands of different consumers and target markets. In addition, the more product width and depth your company has, the more diversified it would be. The result? There would be less risk as your company wouldn’t be entirely dependent on one product or pro…
So, What Are The Dimensions of The Product Mix?
- 1. Width
The width (or breadth) of a product line refers to the total number of product linesprovided by a company. The wider the width, the more types of products are offered by the company. - 2. Length
The length of the product mix is the total number of products that the company is providing to the customers. For instance, if a company has four product lines, and has five products within each product line, then the length of the mix would be 20 (5*4).
Got It! Can You Give Some Solid Examples of Product Mix?
- 1. Coca-Cola
To make everything simpler, let’s assume that Coca-Cola only has two product lines – juice and soft drinks. Under juices, Coca-Cola offers four flavors – Mango, Orange, Mixed Fruit, and Guava. Under soft drinks, the company offers Diet Coke, Fanta, Coke Zero, and Sprite. Now, let’s figure o… - 2. Apple
Apple has several product lines, but for this example, let’s assume that Apple has four different product lines – iPhone, iWatch, iPad, and MacBook. Under the iPhone category, Apple offers three models: iPhone 6S, iPhone X and iPhone XI. Under the Macbook category, Apple offers three mo…
Wrapping Up
- A product mix gives you the ability to meet different consumer demands and diversify risk. It even allows you to meet the needs of your existing customers in a much better way. However, if you start adding unnecessary products in your product line to widen your product mix, it could hurt your company’s bottom line and brand image. So, always be careful while expanding your produ…
Dimensions of Product Mix
Product Mix Example
- Let us take an example to understand all four dimensions better. For simplicity, let’s assume that Coca-Cola deals in only two product lines – soft drinks and juice. Under soft drinks, the company owns brands like Fanta, Sprite, and Diet Coke. Under the juices, it offers three flavors Guava, Orange, and Mango. Assume the company sells soft drinks a...
Importance
- Understanding the product mix of a company is essential to studying and analyzing its brand image. A company with more product width and depth is seen as more diversified. More diversification means less risk as the company lowers its dependence on one product or product line. Usually, if a company expands the product width, it gives it the ability to diversify risk and m…
Product Mix Strategy
- As said above, a new company starts with fewer products but tries to achieve a higher level of consistency. As it moves along or as it grows, it makes efforts to enter new markets, come up with new products, and offer unique products. Additionally, they try to come up with products of superior or lower quality to provide more choices to the customers. Such a strategy means stret…
Final Words
- If a company can manage its product mix successfully, then it would be easier for it to adjust to the altered demand pattern and preferences. Moreover, it diversifies the risks and lowers the dependence on one product or one product line. But, it must be careful when expanding the product mix. It should not add unnecessary items and carry out thorough research to make sure …
The Product Mix
4 Dimensions of The Product Mix – 4 Product Mix Decisions
- Four important dimensions of a product mix can be identified. These are: width, length, depth, and consistency. The first of the product mix decisions refers to the product mix width. The width is all about the number of different product lines the company carries. As mentioned in the previous example, Colgate has 3 product lines. Thus, it has a ra...
4 Ways to Increase Business with Product Mix Decisions
- We can identify four ways in which a company can increase its business on basis of the four product mix decisions determined above. 1. Add new product lines: widen the product mix. New lines benefit from and build on the company’s reputation in its other lines. 2. Lengthen the existing product lines. More items in the product lines may result in a more full-line company. 3. Add mor…