Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of product family

Definition of

product family

Marketing

group of similar goods or services a group of products or services that meet a similar need in the market

Recommended Further Reading (Term count)
  • How to Optimize Stock Control
    This checklist explains how to control stock, and thus optimize the possibilities for business expansion.
  • Mergers and Acquisitions: Patterns, Motives, and Strategic Fit
    by Siri Terjesen
    Mergers and acquisitions are two broad types of restructuring through which managers seek economies of scale, enhanced market visibility, and other efficiencies. A merger occurs when two companies decide to combine their assets and liabilities into one entity, or when one company purchases another. The term is often used to describe a merger of equals, such as that of Daimler-Benz and Chrysler, which was renamed DaimlerChrysler (see case study)....
product family - Related Articles
  • Reducing Costs through Production and Supply Chain Management

    Best Practice

    Component commonality: The principle of component commonality focuses on the design and use of common components for families of products. When there are a large number of products in a supply chain, the inventory of components will naturally be large. Component commonality calls for the use
    By Vinod Lall

  • Yves Poullet

    Biographies

    risk management, corporate strategy, and product management divisions. Before taking up his current role as CEO of Euroclear Bank, he has held positions as the head of Euroclear Bank’s operations, and deputy general manager of Euroclear France. Outside of work, he spends most of his time with his family

More

Definitions of ’product family’ and meaning of ’product family’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’product family’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top

Related Blog Posts

More related Blog results