M 2Time left 0:50:04The number of different product lines offered by a company is termed the…

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➤ Why might a company expand its product line width?
Companies expand width to reach new customer needs, enter adjacent categories, and diversify revenue streams. Wider mixes can boost shelf presence and cross-selling. Expansion also raises complexity and inventory costs, so firms evaluate market demand, competitive gaps, and margin potential before adding new lines.

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