Multiple Choice
The strategy of trading down involves
A) adding product features but using lower quality product materials.
B) reducing product features but using higher quality product materials or ingredients.
C) reducing the number of features, quality, or price of a product.
D) seeking a less price-sensitive target market.
E) changing to a mass merchandiser retailer such as Walmart or Target.
Correct Answer:

Verified
Correct Answer:
Verified
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