A brand extension strategy works best for new versions of established products for closely related items.

Name: A brand extension strategy works best for new versions of established products for closely related items.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

Brand extension strategy leverages the existing brand's reputation and customer base to introduce new versions or closely related items, enhancing acceptance and market penetration due to the established brand's credibility and recognition.

A Brand Extension Strategy Works Best for New Versions of Established