Examples of a Product Line Extension. When a company rolls out a new product that carries slight differences from its existing product lines, it is part of a product line extension.

Any company that considers the development of a new product line must do so on the grounds of objective market data and experience. The business case document should identify the criteria for the ...

For the company, creating a product line or family can be a cost-efficient business strategy. ... How It Works, and Examples. What Is a Business Day in the U.S. and Internationally?

5. Solve Your Customers' Problems. Put your customers first. Solving your company’s problem is fine, but your expansion needs to solve your customers’ problem or it risks failure.

A product line in business is a group of related products under the same brand name manufactured by a company. Learn how product lines can help a business grow.