Question

When a particular existing product is dropped from the product mix of the company it is know as ____________. 

1)Product diversification
2)Product elimination
3) Product simplification
4) Product management​

Answer 1

Answer:

Option 2 - Product elimination.

Hope this helps :)

Answer 2

The answer to the given question will be '2) Product elimination'.

• The process of Product Elimination comes in the picture whenever the product is portraying poor market performance in comparison to others.
• This is duely decided to be dropped from the portfolio.
• In this process, only the decided product is dropped rather than the whole portfolio.
• Thus, the correct answer to the question will be  '2) Product elimination'.