The Relationship Between a Product Line and Product Mix Is

question 89

Multiple Choice

The relationship between a product line and product mix is

• A)product mixes include product lines.
• B)product lines include product mixes.
• C)product lines refer to consumer products; product mixes refer to industrial products.
• D)product mixes refer to consumer products; product lines refer to industrial products.
• E)there is no significant difference other than minor product variations of color,size,or form.

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Definitions:

Duty Rate

The tax imposed on imports and exports, usually calculated as a percentage of the value.

Ad Valorem Duty

A type of tax based on the assessed value of an item, typically used for customs purposes.

Foreign Manufacturer

A company that produces goods in a country other than where the goods are sold or used.

Euro

The official currency of the eurozone, which is used by many of the European Union's member states.