Answer :
Adding a new product line to an existing portfolio means that the line has increased product mix width.
In the field of business, we can describe product mix width as the number of products of a particular organization that are used for selling. For example, a company that is under beauty if sells soap, face wash, and hand cream then it has three product mix widths.
The product mix width for a company increases when a new product is introduced by the company under the same brand name. producing products like these help in increasing the output of a company and if one product might not be making many sales, the other might be producing enough to bear the cost of both.
To learn more about product mix width, click here:
https://brainly.com/question/15218429
#SPJ4
