As the newest member of the marketing department, your immediate boss asks you to comment on the company's proposal to add two new shoes to the company's middle-of-the-road pricing and product-line strategies. The first pair will retail for $ 40.00 and has as its target market the "bargain" shopper. The second pair will retail for $ 200.00 and is targeted at the "sophisticated shopper." In relation to the product-line strategy, what is the company trying to accomplish with these two new items?
Answer: This is an example of the company trying a "two-way stretch"—introducing products at both ends of the consumer market simultaneously.