Product-Line Analysis Provides Information for Two Key Decision Areas: Product-Line

question 71

Multiple Choice

Product-line analysis provides information for two key decision areas: product-line length and ________.

• A) product-class composition
• B) product-mix pricing
• C) product pricing
• D) popular pricing
• E) product-need family

---

Definitions:

Selling Expenses

Costs incurred directly in the selling of goods and services, such as salaries of sales staff, advertising, and store display.

Cost of Merchandise Sold

The total expense incurred to purchase or produce the goods that have been sold during a particular period.

Credit Terms

The conditions under which credit is extended by a seller to a buyer, including repayment schedule, interest rates, and due dates.

Discount Period

A set time frame during which a buyer can pay less than the full amount due, usually as incentive for early payment to the seller.