If Ford decides to manufacture and sell electric vehicles into the market, what type of development would it be New product lines.
A new product line is when a business introduces a new category of goods that they haven't before offered. As an illustration, Ninja Tech recently produced Ninja Tech Nutritional Bars to enhance memory. This move into the food sector would be seen as a new product line because all of their prior items were all connected to technology.
A product line is a grouping of similar goods that a business sells and markets under a single brand. Businesses may run many product lines under a single brand, but they may also have multiple brands.
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