A Group of Products Within a Product Class That Are

question 22

Multiple Choice

A group of products within a product class that are closely related because they perform a similar function, are sold to the same customer groups, are marketed through the same outlets or channels, or fall within given price ranges is known as a ________.

• A) product type
• B) product class
• C) need family
• D) product variant
• E) product line

---

Definitions:

Financial Data

Quantitative information concerning the financial health, performance, and condition of a business or individual.

Indirect Expenses

Expenses that cannot be directly traced to a specific cost object, such as rent, utilities, and administrative salaries.

Direct Expenses

Costs that can be directly attributed to the production of specific goods or services.

Overhead

The ongoing administrative and operational costs not directly attributable to the production of goods or services, such as rent and utilities.