multi-brand strategy |
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Definition
Marketing of two or more similar and competing products by the same firm under different and unrelated brands. While these brands eat into each others' sales (see cannibalism), multi-brand strategy does have some advantages as a means of (1) obtaining greater shelf space and leaving little for competitors' products, (2) saturating a market by filling all price and quality gaps, (3) catering to brand-switchers—users who like to experiment with different brands, and (4) keeping the firm's managers on their toes by generating internal competition.
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multi-brand strategy is in the Advertising, Marketing, & Sales and Decision Making, Problem Solving, & Strategy subjects.
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